I am Indian and live in USA, I am witnessing an unprecedented price rise in groceries for the last 6 months. I have cut down a lot of my expenses due to this unprecedented price rise. The price of petrol/gasoline is almost touching $4.0 which was $2.10 just a year ago. This price rise of commodities is hitting everybody across the world. This is mainly attributed to the diversion of crops like corn, sugarcane etc to produce biofuels in USA and other advanced countries and the war in iraq. What I mean to say is that the present government in India is not fully responsible for the hardship caused by price rise of food products but this happening everywhere.
RE:Price rise a Global Phenomena
by ashish tiwari on Apr 20, 2008 12:21 PM Permalink
Price rise is an Indian phenomena because it is not that the prices of Oil has been raised in India..it is because Congress always takes bribes from hoarders who then get the license to increast prices. Whenever there is a Congress govt (except Narsimha Rao) there has been a price rise.
RE:Price rise a Global Phenomena
by naresh kaushik on Apr 20, 2008 11:01 AM Permalink
Jhon Jacob, Price rise ok, even if it is a world wide phenomena, what about the real estate prices, should real estate prices also a global phenomenon, this govt is hand in glove with black marketeers,builders mafia,power brokers etc, Sitting in America & getting cosy dollars, shall not make you understand the poor indians sufferings,more than 50 percent of these poor Indians, earn less than a dollar a day,poor farmers have taken a step to end their life burdened with loans, even the recent election loan waiver can only benefit 12 percent of the total loan seekers,more than 50 years of congress rule has not eradicated the illeteracy,or poverty, what they have given India so far is hi-fi slogans like, garibi hatao,aam-aadmi, etc etc, Please be in India to know India better.
RE:Price rise a Global Phenomena
by AARVEE RAMKI on Apr 20, 2008 12:04 PM Permalink
I live in Singapore. The price of rice has increased by 60-70% in the last six months. This is the case in other groceries also. Also the monthly grocery bill has increased by atleast 30%. Govt. is arranging to feed the poor and low income group people
RE:Price rise a Global Phenomena
by Ram Sharma on Apr 20, 2008 11:05 AM Permalink
what is the meaning of repeating the same message again and again blocking lot of space?
U r also wrong in saying that inflation in USA is same as in INdia. What is the inflation in USA? It will definitely not b more than 2% against more than 7% here.
RE:Price rise a Global Phenomena
by mumbai on Apr 20, 2008 11:02 AM Permalink
Does bush agree your reason for price hike? so your point is to say that root cause is petrol and extremism? Do you think it is wrong to develop fuel from ethenol? How long you are going to depend on the oil?
RE:Price rise a Global Phenomena
by Mohd Saifuddin on Apr 20, 2008 10:53 AM Permalink
i am 100% agree with you inflation is not a part of india the world is faceing problem and people injoy on net you may join UNEP (united nation enveron. prog.)
