| Topic : Govt measures for credit crisis |
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Activity:
34 views;
last activity : 07 06 2010 20:18:09 +0000
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India Inflation Slows to 2-Decade Low of 0.44 Percent. Is it Positive sign or affect of Recession
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Inflation is higher or low it doesnt matter for middle class & lower middle class families
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Ideas in:
"India Inflation Slows to 2-Decade Low of 0.44 Percent. Is it Positive sign or affect of Recession"
India Inflation Slows to 2-Decade Low of 0.44 Percent. Is it Positive sign or affect of Recession
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For Consumers it is certainly Good news but it may not be a healthy sign for Economic growth of the country. |
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by
Amit Madhav, Senior Consultant, GKC
| 03 23 2009 10:11:28 +0000
Yes,
I also support your idea.
Because minimum inflation should be their in the economy. otherwise it is not good terms economy.
Inflation is higher or low it doesnt matter for middle class & lower middle class families
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Basically in India inflation is calculated on the basis of WIP (Wholesale Index Price). In WIP wholesale price of the commodity is considered not retaile prices. When Inflation was of more than 10% at that time the price was very higher of retaile commodities but now even inflation is lower to 1% the price of domestic products are even same in the retail stores. I think Indian govt cheating people by saying that prices are rising because of Inflation. |
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