Thursday, August 07, 2008

India Inflation Woes May Continue - Seeking Alpha

India Inflation Woes May Continue - Seeking Alpha: "So one should not read too much into this recent stabilization in inflation. This euphoria may turn out to be a short-lived. Until then, pray for a divine intervention in the form of a good monsoon. It’s a shame on our policymakers that Indian agriculture has yet to witness a Promethean growth. The entire nation’s economic and monetary policy is held ransom to the performance of the south-west monsoon. Everyone in this emerging economic superpower, from the ordinary farmer to the RBI Governor, looks up to the skies for relief!"


Post a Comment

<< Home