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The much- awaited Goods and Services Tax ( GST), whenever it happens, will be widely welcomed by India Inc. First, most American children are going to live far better than their parents did.
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Ashish Nanda, Director, IIM- A said, “ We have had no fee hike for the past two years. Inflation – Really a Curse?

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All the arguing and debating about the gst, it' s worth noting that the gst replaces present consumption taxes – namely the sst, or sales tax ( 10% ) and the service tax ( 6% ). In July 1991 India was under a major financial crisis, the foreign currency reserves had plummeted to almost $ 1 Billion; Inflation rose to an annual rate of.


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Even for those few people whose salary kept pace with inflation, it was hard to buy the goods. ECOSHALA: Inflation: boon or bane? It is estimated that a $ 10 per barrel increase in the price of oil reduces growth by 0. Globalization A Boon Or A Curse Developing Countries.

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The puzzle is even as the world is growing fast, inflation is. This has reduced investment and consequently economic activity and, hence growth.


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Prices rise over time because of increases in population and resultant demands for products. Inflation is feared by democratic governments worldwide as rising prices serve as a red flag to voters.
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The expansion is proceeding at a good pace, unemployment is low, and inflation is finally headed in the right direction.
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