Saturday, October 22, 2011

RBI polity

Indian economist Bhalla plea "Note the close correspondence — and especially note the economically criminal vote-getting policy of the Congress after it came to power in May 2004. Starting in 2006, procurement prices literally exploded, with an 18 per cent increase in 2008 alone. Between 2006 and 2009, the relative price of food increased by a record 33 per cent. The normal pattern is for the relative price to move in a plus/minus 5 per cent range."

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