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Will India be able to control Inflation?

Created by : Deepa Gawade, Analyst, ANZ Banking  | 01 20 2010 10:13:36 +0000
Industry : FMCG/Foods/BeverageFunctional Area : India(Markets)
Keywords : india finance government food inflation control ministry
Activity:  989 views;  last activity : 10 06 2011 18:28:36 +0000

The Financial Ministry has expressed concern over high food inflation, which is nearing 20 per cent, and asked states to lift more wheat and rice stocks from its pool -- a move that will help increase foodgrain availability and eventually ease prices. But, will India be able to control Inflation?

  
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Top Argument
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IF OUR COUNTRY CAN REMOVE CORRUPTION AND POLITICAL INTUPTIONS.
By ramamurtymanne , Freelancer, Freelancer  01 21 2010 08:06:27 +0000
 
Top Argument
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Why it has to?

So far fruit of development have been enjoyed by urban/organised class.

With rise in prices of minerals, agricultural products and services, the real wages of unorganised rural working class are going up by increase in demand and value of their products and services.

Such increase is bringing about rural prosperity for the first time.

Inflation is cry of urban organised class, which has enjoyed artificial subsidies for a long time, having correspondingly much higher increase in their wages, land prices, and value addition in manufacturing/procesing. It should better be ignored. 
By Devenda Kumar Agarwal, GM-Chief, Performance Management Benchmarking  01 26 2010 05:33:00 +0000
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To control inflation first of all we have to control corruption. If our country succeeds in controlling corruption then certainly we can curb inflation
By Saquib Alam, B.A (sociology), BRA Bihar university  | 10 06 2011 18:28:36 +0000
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We must hope so.
By R N Bhattacharyya, Freelancer, Freelancer  | 09 26 2011 08:55:00 +0000
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inflation is because of global recession so only India could no able to control the inflation rate............
By prachijindal , Pursuing MBA in Aviation management, Banasthali university  | 09 25 2011 16:37:07 +0000
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we can remove these bad things by the CHANGE OF OUR ATTITUDE.I had seen in SOUTH KOREA HOW THEY HAVE BUILD HIS NATION NO.1 IN ALL AREAS. FROM RAVI EX. EMPLOYEE DAEWOO MOTORS INDIA LTD.
By RAJ , DGM, RP ENGINEERS  | 09 24 2011 15:56:14 +0000
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Yes, India will be able to tide over the effects of the global recessions simply because of its inheerent strengths and weakness.
By AMISH , Admin/Facilities Manager, VKVC  | 09 10 2011 11:50:23 +0000
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may be but also stoping the black marketing of goods.n by increasing the production
By Yashpal lather, M.E/M.Tech/MS student, GJU,S&T,Hissar  | 02 01 2010 21:31:33 +0000
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ONLY ONE EXAMPLE OF CHINA ,IF ONE COMPANY EXPORTS VALUE OF 100 RS IN CHINA , THEN 13 RS DIRECTLY DEPOSITED IN COMPANY ACCOUNT BY CHINA GOVERNMENT IMMEDIATELY. IN INDIA WE HAVE TO SPENT IN CORRUPTION UP TO 10 PERCENT ONLY TO CLEAR LEGAL FORMALITIES.
By JAYANT KARANDIKAR, Factory Head, AMARDEEP SEAING SYSTEM  | 02 01 2010 13:10:12 +0000
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yes if most of people work with full strenth and govt give suport small bussiness like china
By Madhu Dhir, Sales Promotion Manager, Life Insurance Corporation of India  | 01 29 2010 15:12:47 +0000
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definitely India will but it will take time.
By Harish arora, finance lecturer  | 01 29 2010 12:43:01 +0000
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Youth of the country has to take this responsibility to remove the currpt anmd lead the nation.
By R.K.MALHOTRA , Investment Advisor, Trainer and motivational speaker, WORKING FREELANCE  | 01 27 2010 04:51:41 +0000
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Exports are to be restricted.India is sending its creamy part outside India.Strict Law should be imposed on the storage capacity as it leads to price hike
By sandip jain, GMO/MO, Bank of America  | 01 25 2010 17:25:50 +0000
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never. because these corrupted people can not control this type of problem
By Hemant Kumar Singh, students, NIIT  | 01 25 2010 05:47:03 +0000
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Yes, i am very much sure they will and have to control Inflation and this is not the first time we are facing such situation(s) and have successfully come out of such things earlier. Only thing is they are not making use of the last measure that can control it. We are totally capable of doing it and we will watch this very soon. .... Thank you, Manish N

Cheers!!
By Manish N Chugh, Officer Trainee, Stock Holding Corporation of India ltd.,  | 01 21 2010 14:53:45 +0000
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There is huge amount of wheat and rice stock in the major capacity in  FCI godowns in the country but, the Govt. doesnt use or market it, but it may be in future for control the prices and inflation, proper planning and distribution is required. 
By alamgir khan, Accounts Manager, World wide Fund for Nature India  | 01 21 2010 07:50:35 +0000
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As the major concern is over the high food inflation, the efforts should be to increase farm productivity. India has got its own assets and also has a surplus resource to utilise these for development activities. Therefore, in my opinion, a collaborative efforts of the central and state governments are required to tackle this problem, as India together.
By Deepa Gawade, Analyst, ANZ Banking  | 01 20 2010 10:13:36 +0000
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...Ouch ! Australia's inflation rate is a little less than 3%, so India is considerably worse off and given the world's financial woes are well and truly not resolved, I anticipate the 'NO's' will have it sooner rather than later.

 
By john kanard, Chartered Loss Adjuster and Risk Management Consultant, McLarens Young International  | 01 27 2010 04:34:10 +0000
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Food related inflation can probably not be control due to supply constraint but within the country and globally.

In case of inflation other than food too, it will be a trade off between growth and inflation. The government can not curb inflation at the cost of growth, however, if  inflation shows a tendency of getting out of control then government/ the RBI has to tighten the liquidity and affecting growth.

If we see the history, our government is keen to have a growth rate of 9%+ and happy if the inflation remains between 3-5%.
By Ashutosh , Freelancer, Ashutosh Rai & Co.  | 01 20 2010 15:37:25 +0000
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In my view, Indian Government is with the outlook for robusting growth and this is causing inflationary pressures rising. RBI is in the challenge of timing and sequence of exit from an easy policy. The challenge is to support growth without compromising price stability.
By Aarti Gupta, Legal Consultant  | 01 20 2010 10:44:41 +0000
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