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February 5, 2008 at 9:53 am |
Your thought on this has more clarity and you have written at a stretch. I strongly believe in producing quality products, even when our rupee wasn’t good against dollars. To be able to produce a product of a great quality, it takes 100s of brains which understand quality and their determinations. As you rightly said, India must produce such top uncompromising quality of products and sell it outside India as well as for us inside.
I had written on similar lines, but more about where did all our smaller currencies go? I wouldn’t have put my thoughts in the way you have done with examples. I still believe if we can get back those days where we value the last single paisa in circulation, we will be a rich country again.
February 5, 2008 at 10:51 am |
Hi Gurudev,
Its been quite a while since i have been reading about the various topics that you have been writing on. I really feel that you are gifted with an amazing art of communicating in the most simplistic form. Whether its about history,politics,society,religion…the basis of your questioning is amazing and great. Do keep up the great work.
Coming on to the topic written above specifically with regards to INFLATION, it is very imperative to understand the true definition of inflation. The Austrian definition of Inflation is a net expansion of money & credit. Increase in prices of goods and services is the result of this expansion of money through credit & debt. According to me its a hidden tax by the government on the people. Please do go over this link:
http://globaleconomicanalysis.blogspot.com/2006/02/inflation-what-heck-is-it.html
February 5, 2008 at 6:12 pm |
Dear Gurudev,
Very well written.Some key facts which remain hidden have been brought to the fore front.Your blog was very insightful to me. Keep writing
manoj
February 6, 2008 at 7:09 am |
Well written Mr. Gurudev,
I agree with Mr. Sunil’s comments
Keep up the good work.
Mac
February 7, 2008 at 12:00 am |
Hi Gurudev,
It’s a really valuable reality u just showed me. I appreciate your work allot. In my views a good economists can see good ways even in worse situations, what I think that this is a nice opportunity for Indian industrial sector to invest in US economy. In simple words don’t buy there dollars buy them!!!. Government should motivate people to invest at this time..
February 7, 2008 at 7:20 am |
EXCELLENT ANALYSIS
February 7, 2008 at 5:40 pm |
Yes, its true and I hope if social welfare organizations involve in such matters and educate the youngsters or big companies (mainly IT) should have such kind of email circulation or some sort of education to its employees should help a percent in this matter.
The main problem I see in India is ‘Comparison’ where people compare themselves to neighbors or relatives and try to maintain the standard/level of life through expenditure.
After staying in US for 10years, now sometimes I fear to comeback to settle in India as its extremely expensive
February 10, 2008 at 4:28 pm |
- Keeping the need low
- Reducing the tendency to compare with haves
- Compare self with more have-nots
- The rich Indian culture true meaning of life that can be found only in India.
these above points must make any one come to India / remain back in India.