Inflation is inevitable in our developing country

@busybee (382)
India
October 19, 2006 11:47am CST
Inflation is a must in developing country.. Economists says that when there is inflation, country is economically developing..? is that rite, is inflation a good for people..
2 people like this
2 responses
@raghavibm (544)
• India
20 Oct 06
yes, it is unevitablew, as economy grows, people ets salary hike, hence demand for consumer goods raises, hence the product's price rises and the inflation.. hence employee demands more hike in salary.. and the cycle goes on.. So inflation is inevitable in developing country
2 people like this
• India
28 Oct 06
yes it is inevitable, unless it is in inflation it can't be developing, obviously only two are tehre either in inflation or deflation.. But deflation is good for a very well developed economically mighty vcountry , but not for india