In an interview to the CNBC-TV 18, an Indian Business channel, Pranab Mukherjee, Indian Finance Minister, is reportedly have told that, India will be opposing the Q.E. programme by US FED. Indian Minister is believed to be upset by the Rising commodity prices and particularly Crude Oil prices.
While, when Q.E. programme started Indian government was delighted by expectations of Large Fund Flow towards developing economies like India. But, as Dr Bernanke led QE2 and treated the rising Inflation as ' ' 'Transitory' and blamed the rising consumption by India and China for rising fuel prices. The FED' recent announcement of keeping ' Interest rates ' low till Mid 2013, kept the realms of Inflation as an open ended rope.
India has been fighting Inflation and Reserve Bank of India has raised the interest rates by 325 points in last 11 meetings. The data released on yesterday showed Inflation in India remained in above 10%, Yo Y. The rising Inflation and falling growth has been acting as ' Head Winds' for the economy.
Break up in G-20..?
India has been murmuring the Economy aspect and Mr. Mukherjee has now gone public against it. Brasil and China have been Vocal and Active in this Crusade. The both have been tightening Mode already.
While, when Q.E. programme started Indian government was delighted by expectations of Large Fund Flow towards developing economies like India. But, as Dr Bernanke led QE2 and treated the rising Inflation as ' ' 'Transitory' and blamed the rising consumption by India and China for rising fuel prices. The FED' recent announcement of keeping ' Interest rates ' low till Mid 2013, kept the realms of Inflation as an open ended rope.
India has been fighting Inflation and Reserve Bank of India has raised the interest rates by 325 points in last 11 meetings. The data released on yesterday showed Inflation in India remained in above 10%, Yo Y. The rising Inflation and falling growth has been acting as ' Head Winds' for the economy.
Break up in G-20..?
India has been murmuring the Economy aspect and Mr. Mukherjee has now gone public against it. Brasil and China have been Vocal and Active in this Crusade. The both have been tightening Mode already.
No comments:
Post a Comment