09 Jun 08 A look at Inflation Rates In India
As the Inflation Rates In India, are nearing the double digit mark, financial analysts and industry experts are of a view that if this rising Inflation is not contained, the Indian growth story might come to an end. This might mark the beginning of a long bear hug in the Indian stock markets. With Crude Oil jumping by $10 in a single day, yesterday the threat of a major Oil Shock looms large. Inflation rate in India is currently at 8.24% and is steadily on the rise. Unless there is a currection in Oil prices and a bumper harvest this season, Inflation rate in India is likely to cross 10% soon. This will make real returns from fixed deposits negative. Sectors like Real Estate and Infrastructure which are high debt industries will suffer the most.
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