Inflation in India - Is it driven by easy money ?
Last month, I was in India for a week. One of the aspects that I couldn't look away from was inflation.. Maybe some of the figures that I quote may seem to be quite normal for resident Indians. However for someone like me, who has moved abroad from 2011 end, there was a marked difference in the level of prices.. Observation 1 - I picked up a tooth paste - some colgate variety - from a reliance fresh outlet. Normally when I pick up any house-hold item like that, I don't pay much attention to the prices individually.. When the bill came, this item had a price tag of 200/- .. Not really sure if Reliance was jacking up the price or Colgate. Observation 2 - Place : Guruvayur.. A roadside restaurant near the hotel where we stayed.. Price of few items - Masala Dosa (45/-) , Meals (105/-) .. This is just a normal eatery with minimum facilities.. Inspite of the price range, this place is swarming with people - middle & lower middle class range. Observation 3 - Railwa...