Factory gate prices are not a true reflection of cost-to-consumer, but these WPI figures, as the best available data, seem to indicate that the Singh Administration grossly underestimated the potential for inflation as the desired stimulus led output and investment gains have exacerbated the agricultural complex after last year’s disastrously dry monsoon season. The public assurances of Singh’s administration and Central bank Governor Subbarao that food prices will moderate in the new year (March to March) is meaningless if this year’s monsoon rainfall disappoints. Note that ,with agriculture accounting for nearly 20% of GDP but employing over half the population, water is the most volatile commodity in the Indian economy.
3 comments:
Guys - Have created a mailing list for Housing Consumer Interest group in India.
The objective is to augment the good work being done by sites like this by creating a mailing list where group members can take up meaningful initiatives counter propoganda and to help consumers.
housingconsumerinterest@yahoogroups.co.in
Good one Vinod. See you there...
BTW, this propaganda of govt. that the inflation is due to drought etc. etc..is BS speak.
Inflation was already galloping in 2005 and 2006. Prices of all commodities have been touching the sky. But the govt. has been manipulating the data by talking about WPI and manipulating the numbers that constitute WPI. In real terms, the cost of living is already fantastic and phenomenal. So for the govt. to say it will come down soon is nothing but an empty palliative.
This govt. is hands in glove with the rich industrialists and the chor builders. This govt. has to go soon....period!
Thanks for sharing the information it helps a lot. If your searching for Residential and Open plots for sale in Loyapally, Hyderabad. JJ Infra is the No.1 Real estate company for Investments
Post a Comment