Indian economy crippled by inflation Investor Review

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Submitted by Srini48_vasan

4 months ago
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Indian economy crippled by inflation [ Login to Propose An Edit ]

Never in the Indian history that the inflation has touched the all time high of 7.33% and the prices of essential commodities have soared in a racket speed.The govt of india is making all out efforts to contain them.The finance minister goes on assuring that it would be checked and announced duty cuts on certain commodities imported from other countries and export of certain pulses have been banned.While the finance minister makes such announcement on one side on another side other ministers who have to do nothing with the inflation etc started blaming the previous regimes and attribute it to the wrong policies of those govt. The prime minister of India appears to feel shy to accept the responsibilites and ask the other political parties not to politicalise this issue.When this is the case on one side the govt, had a tough time waitng for the judgement of the Supreme court in reservation issue and the human resources and development minister spent sleepless nights as it has become a matter of prestige to him The Indian govt has determined to enforce the reservation at any cost with an eye on the forthcoming elections to parliament.

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5 comments ↓

#1 | Narasimhan @ 4 months ago Owner at Krish Systems User Rank : 1860 Portfoilo Balance: $498,940.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Let us face the facts. Against large rise in the farm input costs the developed economies have been passed on to consumers and food prices have risen by more than 75% in those countries compared to moderate increase in India. Commodity driving the inflation have their origin in crude oil price increases which must be recognized. As an economist Indian PM seems to have done that.
#2 | Narasimhan @ 4 months ago Owner at Krish Systems User Rank : 1860 Portfoilo Balance: $498,940.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Let us face the facts. Against large rise in the farm input costs the developed economies have been passed on to consumers and food prices have risen by more than 75% in those countries compared to moderate increase in India. Commodity driving the inflation have their origin in crude oil price increases which must be recognized. As an economist Indian PM seems to have done that.
#3 | Narasimhan @ 4 months ago Owner at Krish Systems User Rank : 1860 Portfoilo Balance: $498,940.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Let us face the facts. Against large rise in the farm input costs the developed economies have been passed on to consumers and food prices have risen by more than 75% in those countries compared to moderate increase in India. Commodity price increases driving the inflation have their origin in crude oil price increases which must be recognized. As an economist Indian PM seems to have done that.
#4 | Srini48_vasan @ 4 months ago User Rank : 21 Portfoilo Balance: $58,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: You have correctly stated in the concluding sentence that Indian PM is a good economist.As a finance minister he has played wonders and his liberlised economy brought a rapid growth in manufacturing fields.But he is unable to function independently and is under the mercy of certain political parties which do not allow him to function independently.For example he is not in a position to go ahead with Indo-US nuclear deal though there are benefitial aspects in it.Hence instead of sidetracking issues he can very well dissolove the present house and order a fresh eelction.
#5 | Srini48_vasan @ 4 months ago User Rank : 21 Portfoilo Balance: $58,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: The fresh review under the caption"Inflation in Indi touches 7.57% mark will vindicate my views.te inflation which was 7.41% yesterday has touched 7.57% today.But the PM/FM continue to maintain that it would be checked.The reason they may attribute for their inability to do any thing may be that they are not allowed by other political parties including those who support them to act independently .If not why certain minsiters should blame the previous govt .But the real reason is that they have wasted their energy and time in issues like Reservations etc.Hence only disollution of the present house and holding of fresh elections .

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