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Growth of 6.9% and double digit inflation means you are in a recession, folks!
It's called stagflation. The worse of both worlds!
RBI cannot control inflation.
This inflation in India is not because of the reasons that RBI believes it is. I cannot reveal much. I'm afrad the inflation is not going to come down in the foreseeable future.
Indians are the very first people to constantly boast about how China will collapse within one or two years, even JackSparrow here. Nothing gives them more joy than to talk about how China's economy will fail, be it ghost cities, food inflation, or any other issue.
And read this article from an Indian "think tank", which predicted that China would collapse immediately after the 2008 Credit Crunch:
The Fall of the Dragon - IDR
It seems that the Indian tendancy of hoping that others will fail... is backfiring on them. Now the Indian GDP growth rate is collapsing, along with double-digit inflation.
New Recruit
their pain is growing day by day``as long as they feel inferior the 'china collapsing theory' will keep coming out their uneducated propaganda machine``and those intocraps guys will always buy it until the time they meet the earth`lolIndians are the very first people to constantly boast about how China will collapse within one or two years, even JackSparrow here. Nothing gives them more joy than to talk about how China's economy will fail, be it ghost cities, food inflation, or any other issue.
And read this article from an Indian "think tank", which predicted that China would collapse immediately after the 2008 Credit Crunch:
The Fall of the Dragon - IDR
It seems that the Indian tendancy of hoping that others will fail... is backfiring on them. Now the Indian GDP growth rate is collapsing, along with double-digit inflation.
their pain is growing day by day``as long as they feel inferior the 'china collapsing theory' will keep coming out their uneducated propaganda machine``and those intocraps guys will always buy it until the time they meet the earth`lol
i just cant get the idea that they think a report of saying india econimy is slowing down is an act of trolling lol, if thats the case i can imagine the agony they have every single day`
an economy of 7% growth combined with double inflation they thinks is still good``