11-09-2007, 12:43 PM
Every month they should have increased oil price. Yes, it would have slow down growth and but impact would have been little and current economy would have adjusted with time, demand for oil would have decreased and net saving overall. Now if they will increase price, it will be big margin and that will bring people on street. especially commies. Inflation will increase and road bummer will be big. In place of soft landing now it will be hard landing.
Current international oil price is based on perception. If India will increase oil price, it will bring down global per barrel price, based on perception that demand for oil in India will decrease.
<i>Lets see how so-called "economist" PM will handle this crisis.</i>
Whether he believes in strong foundation or power?
Current international oil price is based on perception. If India will increase oil price, it will bring down global per barrel price, based on perception that demand for oil in India will decrease.
<i>Lets see how so-called "economist" PM will handle this crisis.</i>
Whether he believes in strong foundation or power?