According to Finance Minister P.Chidambaram, "high growth rate boosts demand and due to less supply inflation was supposed to rise. Also, it's after a long time that the entire world is facing a food crisis. The economic condition in rest of the world is worse than India. Due to India's strong economy, the situation didn't go out of control.
The country burdened with a 12.5% inflation, falling growth rates, manufacturing sector sluggish, agriculture sector in disarray, high levels of taxation, rising interest rates, economy in a downturn, the government not having a clue as to what to do other than say every month that the inflation will come down next month - AND THE FINANCE MINISTER IS SAYING 'THINGS DID'NT GO OUT OF CONTROL I am speechless! What does he think? That we, the common people, are idiots?
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