Its certainly a matter of grave concern for all India and that the Inflations has hit a all time high in India to 11.98%. The Inflation rate has reached the double figures for the very first time in India in 60 years of its post independence era. The irony of the situation is that two of the best Finance Ministers of India PM Dr. Manmohan Singh and Dr. P.Chidambaram are a part of same government but both have failed to control it.
On the other hand in the International Market the Price of Crude Oil and Petroleum is also on a high rise. For the very first time it has hit around 150$ a barrel. This has an automatic effect ton the price hike back home. he ever increasing Cost of Living is making the lives of people difficult. The Indian Government must take some serious steps to control this situation.
We suggest Indian Government to fasten up Iran Gas Oil Pipeline Project so that at least the normal Indian resident can have some relief in the Oil and Gas Sector, out of this back breaking economic crisis of India.
[tags]articles, India, politics[/tags]
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