Inflation - Globalization

[Anand Kulkarni]

Dear all,

 

First time in the history of mankind ‘Need’, ‘Comfort’ and ‘Luxury’ are sold at the same price in India!

Onions: Rs.65

Petrol: Rs.65

And Beer: Rs.65

What is Globalization?

20 Years back 1 Kg onion was 50 Paise & 1 Minute STD call was 15 Rs.

Today 1 STD call is 50 Paise & 1 Kg Onion is 50 Rs

Inflation is consuming all our salaries, I am scared how we will survive in our old ages as we don't have pension & no income source.

Time to think & discuss.

Cheers for now,

Anand 

[avinash deoshatwar]

Dear Anand,

nice comparison that....

there is a small hitch though - they are the 'face' prices or market prices of those commodities. what we should actually be concerned about is their value to economy.

It is in a way a great great thing is the prices of onions and beer are same or it is a very pleasant thing that onions cost more than a minute of STD talk-time. 

any technology when new to market costs higher - the fact that it costs lower shows it has been accepted by the community at a very large level and even at very low prices it is affordable.

the actual price of petrol is much higher to our economy but our government bears a lot of the share and gives us the petrol at lower prices [at the cost of tax payers money] so the 'market price' of petrol should not bother us too much. [though it actually does - as it pushes the pricing of all materials up because of higher transportation costs for goods..anyways]

It is a great sign for an economy that commodities as essential as onions are sold at a higher rate ONLY if major share of the cost goes to the PRODUCER! that's the crux.....thats the problem with the distribution mechanisms of our economic system. 

you might find it astonishing - the people who are in 'money-lending' business in market yards of pune and other big cities - and there are many people in that business, earn more than 5-6 lac rupees per day as pure 'interest'!!..........that is the cost of 'time' in exchanging the goods between producer and first step in distribution ladder.....there are quite a few people the goods go through till they reach the consumer........

as for the retirement planning - good luck to all of us!! times are such that only a genuine gambler will only enjoy the situation!......no one knows what worth are the retirement plans offered by different finance companies.......

so be a gambler man!!........but one who takes calculated risks!!

CHEERS GUYS - 

Avinash.

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[viraj vkm]

hello avinash dada , good to see you ! . just adding to your thought, petrol was never a concern . diesel price  could have   been a concern, as the transport industry operates on diesel , and it is rightly subsidized by the govt . but i have a concern though. it is  often  said that average indian earns approximately 2 $ a day  .so can he afford to buy a kg of kanda ?

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