THE WAR ON INFLATION
I am penning down today regarding a major issue that has a greater impact in the future. Also I would like to add that things that I am going to write are based on my own view on the subject
Inflation is a common aspect in every economy. There is always inflation in every country. Irrespective of the fact whether it is developed, underdeveloped or developing economy. But the point is that the % of inflation differs from developed economy to an underdeveloped economy.
In the developed economy the inflation will be less than 3% and it will not be moving very fast i.e. it is a standard point. In the case of an underdeveloped economy the inflation is a major economic problem. It is always in a high not of the developing economy.
This is only an economic theory that is made by the earlier economist and other people related to economics.
Today the economic term inflation is not only related to there own country, it as become a global threat. This is because all the countries irrespective of the fact developed or developing are bound together with the word globalization. So if you want to eat the fruits of globalization you should be able to digest the indigestible inflation.
Now most of the American and other economist all around the world tell you that there is a recession in the American economy. So are we in America, Why should we get hit by there recession? Why do you consider the American economy as head of the world economy? All this is because of not only globalization and liberal policies, the available resources are put in the world market and there is less importance is given to the local market.
India is one of the fastest growing economies in the world and the people in India have started to get jobs and the per capita income has increased. Thanks to the American and other countries for outsourcing there jobs.
Also the fact that agricultural lands have been taken for SEZs is the worst thing that the country can get. Please don’t consider me as a person who is against the economic reforms and industrial development.
India is growing both in economy and in population, so how you are going to feed the huge population. China says that they have a plan, and also they say that we don’t let our people to starve. What is the answer from India?
The major reason for the rise in the food price both in the world market and in Indian market is because of supply. In India the agricultural sector is remembered only when there are elections.
Now the world and India have realized that there is a shortage of food, oil and agricultural goods. It is too late to act on the matter. Even though the problem is solved with some rate cuts, it is only a short term arrangement. What you are going to do in future?
The balance between import and export is a double edge knife. The balance between both should be done very carefully, only then you can grow fast and the growth will be stable.
After the new number 7.41% the Indian government have stopped export of many goods. This clearly indicates that the economic planning and analysis of the future is Zero.
One of the ministers in the government said that other growing economies are having greater inflation compared to India. The minister says that it is because of the global economy. Then give our economy to the world. Let the countries of the world dictate terms.
“INFLATION HAS NO MEANS AND NO END”
Inflation is a common aspect in every economy. There is always inflation in every country. Irrespective of the fact whether it is developed, underdeveloped or developing economy. But the point is that the % of inflation differs from developed economy to an underdeveloped economy.
In the developed economy the inflation will be less than 3% and it will not be moving very fast i.e. it is a standard point. In the case of an underdeveloped economy the inflation is a major economic problem. It is always in a high not of the developing economy.
This is only an economic theory that is made by the earlier economist and other people related to economics.
Today the economic term inflation is not only related to there own country, it as become a global threat. This is because all the countries irrespective of the fact developed or developing are bound together with the word globalization. So if you want to eat the fruits of globalization you should be able to digest the indigestible inflation.
Now most of the American and other economist all around the world tell you that there is a recession in the American economy. So are we in America, Why should we get hit by there recession? Why do you consider the American economy as head of the world economy? All this is because of not only globalization and liberal policies, the available resources are put in the world market and there is less importance is given to the local market.
India is one of the fastest growing economies in the world and the people in India have started to get jobs and the per capita income has increased. Thanks to the American and other countries for outsourcing there jobs.
Also the fact that agricultural lands have been taken for SEZs is the worst thing that the country can get. Please don’t consider me as a person who is against the economic reforms and industrial development.
India is growing both in economy and in population, so how you are going to feed the huge population. China says that they have a plan, and also they say that we don’t let our people to starve. What is the answer from India?
The major reason for the rise in the food price both in the world market and in Indian market is because of supply. In India the agricultural sector is remembered only when there are elections.
Now the world and India have realized that there is a shortage of food, oil and agricultural goods. It is too late to act on the matter. Even though the problem is solved with some rate cuts, it is only a short term arrangement. What you are going to do in future?
The balance between import and export is a double edge knife. The balance between both should be done very carefully, only then you can grow fast and the growth will be stable.
After the new number 7.41% the Indian government have stopped export of many goods. This clearly indicates that the economic planning and analysis of the future is Zero.
One of the ministers in the government said that other growing economies are having greater inflation compared to India. The minister says that it is because of the global economy. Then give our economy to the world. Let the countries of the world dictate terms.
“INFLATION HAS NO MEANS AND NO END”
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