" India's gross domestic product (GDP) growth in the April-June quarter is disappointing "
Finance Minister Pranab Mukherjee
Even a first standard kid except our finance minister knows , if interest rate hike is going on in this pace that will affect over all demand and growth
BUT
* NO LONG TERM PLANS TO BOOST FOOD PRODUCTION
* NO INFRASTRUCTURE AND LOGISTICS SUPPORT FOR EFFICIENT DEPLOYMENT OF AVAILABLE RESOURCES.
* NO SINCERE EFFORTS TO CHECK FAKE CURRENCY
* NO ACTION TO BRAKE CARTELS FORMED BY MAJOR PRODUCERS.
* NO CLARITY ON ENVIRONMENTAL ISSUES RELATED WITH MAJOR PROJECTS.
* NO STERN ACTION AGAINST TREASURY HIJACKERS
ONLY DIALOGUES ,CONCERNS AND INTEREST RATE HIKES.
IF INTEREST RATE HIKE IS NOT TO CONTROL DEMAND AND REDUCE INFLATION - WHAT IS THE PURPOSE OF THESE RATE HIKES ?
IF YOU KNOW ANY MAGIC TO KEEP GROWTH RATE AND INTEREST RATE AT HIGHER LEVEL SIMULTANEOUSLY EXCEPT DATA MANIPULATION ,PLEASE COMMENT .......
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