Inflation and other, figures touted out are ,not to be trusted,generally.This has relevance to the claimed figure of about 5%,but the GOI has started printing Rupee One notes again and its cost is Rupee One and Paise 14.
This means that the actual Inflation,as of now,is 14%.That is,India is experiencing Hyper-inflation.
As an aside,Indian One Rupee coins [far bigger than the ones in circulation],used to cost Rupees 7 .These were smuggled into a neighbouring country to make blades,as per reports.
The coins in India were changed from Silver and Copper to other alloys and their sizes are also diminishing Truly debasement of coinage.
Here is the LINK about the dangers of DEBASEMENT of Coinage.
Will be updated....
This means that the actual Inflation,as of now,is 14%.That is,India is experiencing Hyper-inflation.
As an aside,Indian One Rupee coins [far bigger than the ones in circulation],used to cost Rupees 7 .These were smuggled into a neighbouring country to make blades,as per reports.
The coins in India were changed from Silver and Copper to other alloys and their sizes are also diminishing Truly debasement of coinage.
Here is the LINK about the dangers of DEBASEMENT of Coinage.
Will be updated....
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