It has been reported in the New Indian Express dated 14th September, 2011 page 15 that the inflation affects the poor more than the rich people in India. Apart from the statistics that has been provided this is not news as we Indians have tried our best to live with inflation since a long time. The problem with the poor people is that they tend to avoid all the good food which they consumed during the non inflationary periods. However, with the economy on fast track especially for India which like other emerging economies this has become quite serious issue. This is more so with the weak IIP data that has in fact made the burden even more cumbersome as there will be unemployment and labor layoffs which is likely to exacerbate the difficulties of the poor man.
Now with recession being experienced by US and other European countries this pain in the poor man's budget is going to remain for quite a long time. Sadly, our political class have not only goofed up the country's distribution network, but even all the projects that have been planned so far have remained only in the planning stage. Well then what else can a poor Indian do in such times. Call the Almighty to do his best.
ALSO LOG IN TO: http://ghoulseye.blogspot.com
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Now with recession being experienced by US and other European countries this pain in the poor man's budget is going to remain for quite a long time. Sadly, our political class have not only goofed up the country's distribution network, but even all the projects that have been planned so far have remained only in the planning stage. Well then what else can a poor Indian do in such times. Call the Almighty to do his best.
ALSO LOG IN TO: http://ghoulseye.blogspot.com
& http://econobusichange.blogspot.com
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