Jun 22, 2008

Crude Oil Price and Inflation in India

Two topics in news paper are making much news and taking large space in news papers these days. It becomes a masala for the next general election. These both have the potential for affecting the result of the next Lok Sabha Election.

Both, Oil Price and Inflation, directly hit the common man. With such a huge price hike in petrol even well off man is going to hit with this sharp price rise in crude price. BJP may be thinking it also got something using which Congress won the election. Congress hyped about the progress of India card used by the BJP not helping the poor and village people. Now with this much inflation due to crude price and the bad state of the world's economy Indian economy is also facing the heat and BJP is going to gain from this situation.