Thnaks for your prompt reply to my mail.
the combined deficits of central and all stare govts
is more than 10% of GDP. And inflation may have fallen
in recent years ; and the current rise is due to
crude oil prices, etc.But still the basic reasons for
the 5 % inflation (that is according to govt
statistics) is too high. In reality, for the layman
and consumers, prices more than double in a decade.
And real rate of inflation is always higher than the
rate of inflation = rate of growth of money suppy -
rate of growth of GDP
is always valid.
And it is obvious govt pumps in about 15% of money
into the economy. Pls elaborate and educate us all
about this fraud commited in the name of 'public
good'. and most state govts will be bankrupt soon,
even thought the economy may grow and look healthy.
Maharastra seems to top the list.
And Germany which sufferd terribly in the after math
of both the world wars experienced hyper-inlfation.
And till date the Germany's main objective is to keep
inflation below 2 % (or so). And that is why she is
today the strongest and healthiest economy in Europe.
We should learn from Germany's history.
thanks & Regards
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around