Monday, May 16, 2011

Interaction On Inflation:

Countries like India & China are the biggest engines of growth in the whole world presently. Therefore they can't make compromise with growth beyond a level.

Although their central banks have taken stern action over the years to overcome the problem of inflation but it is not so easy to control the same.

Country like India whose dependency on gasoline products on outside worlds is more than 75 %, has to suffer more than any other economy.

In the near future prices of gasoline are supposed to remain upward.

Therefore however hard the efforts our Govt. makes, it is near to impossible that inflation dips down considerably.

The only trigger for our country can be either gasoline prices fall down below 80 $ per barrel or our Govt. restructure duties in a way that common man is no more victim of high prices.

Time has come that our Govt. can't remain at the mercy of other countries. Either we are to divert to other alternative resources speedily or to find out new places like Bombay High or Barmer in a revolutionary way, otherwise our country may be in real trouble due to over dependency on other countries for gasoline products.

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