RE:CRIMINALS
by Ashok Kumar on Jul 23, 2008 12:33 AM Permalink
this is crap. When the entire world economy is struggling, how can you expect India alone to be doing well without high inflatio0n figures. Note petrol price hike is less for the present oil barrel value as agasinst many countries. How can the PM be a failure if the N deal is proposed?
RE:CRIMINALS
by Suraj Singh on Jul 23, 2008 12:31 AM Permalink
Yes, Manmohan Singh is a good economist but actually it is on that front that this government must be attacked. Rather than gradually raise oil prices so that the effect of inflation is kept under check these bozos got into such a false sense of security that they thought the party will never end. Hence we get this one really horrible year and if the true price of oil gets reflected petrol would be selling at about 75 rupees a litre in India which would take inflation to over 20 percent possibly 22 or 23 percent. Now let us even say that why blame poor Singh for oil prices. Japan produces almost no oil. They are almost hundred percent dependent on oil imports. India at least produces about 30 percent of its oil. But Japan imports almost all its oil. Yet inflation this year in Japan is about 1 percent. It is about 3 percent in other countries in Europe which also import quite a lot of oil. So, certainly our two "esteemed" economists Singh and Chidambaram must take some blame on this count.
