Tuesday, August 7, 2007

#001 IS INDIAN CLAIM OF NEGATIVE INFLATION NOT BOGUS?

The Government of India claims that India is experiencing negative inflation.

Zimbabwe is known to Indians more for its cricket. It has recently unveiled its Zimbabwe Dollar 200,000 currency note. Said to be Approx. equal to USD 13/- approximately enough to buy a few necessities. The fate of Indian Rupee is also same. With just one hundred Indian Rupee note in our pocket what we can buy today? Someday we may need an Indian Rupee 200,000 currency note in our pocket. Anyway, not far away indeed!

No comments: