VCheng
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Yes , it will. but what will happen when people cant pay? when the businesses come to a standstill because people couldnt afford things? form where will the govt get its precious taxes then? Automotives will go down(they should, they were supposed to localize production, and even export, they didnt). Sugar mills wil shutdown, textile mills will shutdown, oil/ghee producing companies will shutdown. Electronics companies like Haier, Dawlance etc will shutdown. who will pay income tax then? who will pay wht when they are not buying anything?
One word: Recession.
For a while, then things will get better.