we have seen the bad effects of global slowdown and Rising Inflation in in recent past, Now government is claiming that they will withdraw the Stimulus given to indian industry. i dont think any stimulus is given rather i have a point that in the bad times government has mismanaged the rising inflation and due to this we have seen such a bad phase in recent past.
How the RBI has managed the Inflation has put a question mark on their Expertise, it seems like someone has told them that they want inflation figure below 8, this is just a number and if RBI want they can easly make the inflafion No. whatever they want because they have liquidity in their control, and surprisenglly what the RBI has done is the most easy way to get inflation down, they have increased the CRR(cash reserve ratio) and SLR(Sttutory Liquidity Ratio) this leads to rise in interest rate and directly hits the growth projects of Indian industry which is already get hit by global slowdown. In reaction the indian industry have stopped the growth projests and started reducing the manpower they have hired because of growth in their mind.
Do you think this type of exactly rubbish moves are so called stimulus Package, I Dont.
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