South Asian Business news and information

Indian economy may be growing at the fast rate, but there is very little room to be excited as the inflation rate in India has become now 6.68%. This rate of inflation is the highest in the last 13 months. So, there is every reason to be concerned about the condition of ordinary people.

The price of oil is not showing any sign to go down under $100 in the international market. At the same time, there is increasing price of food items in the global market. The bad part is that millions of poor people are not enjoying the benefits of fast economic growth. So, high inflation means more misery for them.

 
Related Article: The Statesman