INDIAN NATIONAL INCOME

1. Gross Domestic Product (2005-06) was US $ 812 Billion (Rs 32,50,932,000 crores)
2. GDP Growth Rate (2006-07) was 9.4 percent (Last ten years India is growing at 7 percent growth rate)
3. India is the fourth largest economy in the world according to purchasing power parity estimations
4. Per Capita Income in 2005-06 was US $ 584 per annum (About Rs 26,280 per annum or Rs 2190 per month)
5. Foreign Exchange reserves (2005-06) was US $ 163 billion (Rs 7,33, 5000 crores)
and Indian Rupee is surging ahead, but inflation is increasing.
The most talked about subject last few weeks has been inflation and the rising prices of commodities of daily use such as foodstuffs. Can the other goods and services remain isolated from this phenomenon? Certainly Not.
Inflation as we all know is the term used in economic parlance to indicate the value of money or the purchasing power of money. If inflationary graph goes up then there is more money in circulation and less goods for sale. In simple words the supply of goods dwindle via-a-vis the demand. It means you got to pay high for your daily needs like vegetable, rice, wheat, oil, cloth etc, but you get less items.
This phenomenon will never come down. Inflation is going to remain standard. With the oil prices going higher and higher, and with Climates Changing drastically, there is little hope for inflation to come down. Food availability in future is going to be a big question. Where is the food for feeding 6.5 billion humans on this boiling planet of ours? First of all where is the water to quench the thirst? We are living in difficult times, but remain happy. Hope something good will come thru......we live on this ray of hope.