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Effect of inflation in Kerala Posted Date: 18 May 2012      Posted By:: Shafeer V U     Member Level: Diamond    Member Rank: 3     Points: 5   Responses: 1
In recent days our country are faced inflation. Value of Indian rupee reduced against US dollar by a record amount. Inflation surely affects economic development of our country as well as our state. Inflation will results in increase of cost. Central government has announced that, they will hike the petroleum price soon. This will surely affect a consumer state like Kerala. We are very much depend on others for our needs. So price hike surely effect the normal life of people. The inflation is the basic reason behind the hike of cost. However, for NRI s inflation period is much better period. They can use this period to send money to India in large extent. For the countries point of view inflation is worst, but in case of NRIs inflation is beneficial. Members discuss about the affect of inflation in our country as well as our state. What are the adverse effect regarding it. Share your view on inflation and deflation. Regards Shafeer Tweet
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#5414    Author: T.M.Sankaran      Member Level: Gold      Member Rank: 12     Date: 20/May/2012   Rating:     Points: 4 (Rs 1) Kerala market responds to every small changes in the national or international prices (values of other currencies). Even other fluctuation such as natural calamities also are reflected very quickly in this small state's market economy. The prices of vegetables are example. Getting more rain or less rain in Tamilnadu reflects in the vegetable price here. The changes in Dollar money value will definitely reflect in our Rupee value. This reflects in two ways. The difference in exchange value affects the imports negatively. Those working in US get more rupee when the earnings are sent back to India. This leads to inflation. Both affects the market economy. T.M.Sankaran Gold Member, SPK
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