Inflination is big problem for all fastest growing developing Economies but GDP growth should not affect. In 2010 China inflination reached 6% and GDP growth 9.3% Brazil inflination reached 5.9% and GDP growth 5.0% Russia inflination reached 7.5% and GDP growth 4.0% India inflination reached 7.9% and GDP growth 8.7%
Re: GDP Growth should not suffer because of inflation.
by Victor Johri on Jan 16, 2011 06:43 PM
Inflation also indicates effluance of the people to some extent.
Yesterday SC asked govt to declare the money stashed in Germany, the govt counsel said it cannot be done as German laws do not allow them to be declared. Now how the Congress govt declare their own ill gotten money to public? Last few years we are seeing open looting by Congress politicians and their PM is quiet, meaning you loot and give it to Sonia and I will be watching and continue as PM. Above all Sibal is supporting A Raja who has looted country of 1.76 lakh crores. At this rate the inflation will touch 100%, in Mumbai the house cost has gone up by 500%, is Congress-NCP is bothred about this issue? Congress has people like Narayan Rane, he is goonda everybody knows, now he is in Congress which is Mahatma Gandhi Party!!
Re: this shows the greatness of Congress govt
by Prabhat Kumar on Jan 13, 2011 03:00 PM
No doubt they are great..with a single shot they can do anything..Big manipulator Party..they can go to any extent to save their skin..
Re: Re: this shows the greatness of Congress govt
by ghosh_as@rediffmail.com on Jan 13, 2011 03:35 PM
They dont have human skin.. they have rhinoceros skin.... we are unnecessary wasting time discussing on those shits!!
When 2 lakh crore worth fake currency notes circulate, this is what happens. In another 3 yrs or more, inflation reaching 50 cannot be ruled out. Be ready to pay above 100 for any veg or onions soon. Mark my words
The biggest joke. The inflation has been falling for the past 2 years or so. The Indian public are jackasses and will never learn. Congress a bane on India.
Any idea why rediff has blanked out Modi's gujarat's business meet. And, when they say inflation has fallen, maybe this is new english, from 18.5% to 17% is called a small decrease, not "fallen". Expert journalists to to fool Indians.
The PM & FM have very poor understanding of the dynamix of Commodity market particulary in the Perishable items like Vegetables, fruits, Milk, Eggs, Fish etc. The food inflation is highly dependant on the prices of these items. when the Price levels of these items go up, the Traders, Hoarders creat artificial shortage of items of Esstentail consumption like Onion, Toamtoe etc which further fuel the inflation to the present 18%.
So, ban the the trading of item like Onion in Commodity excahnge. Regulate the priniting of high denomination Currency notes like Rs.500 & 1000. Print more currencies of Rs.10, 50, and 100.
Also, what Mr. Rahul Gandhi said on Inflation becoz of Coilation politics is true, considering the position taken by Mr. Sharad Pawar of NCP, when he defended the rights of traders and Hoarders, most of whom belong to NCP to make a kill at the cost of "Aam Admi"