(Double click any word to know the meaning of that
word)
Whole-sale-price-based
inflation hits 7 % and is 3 years high. It surely signals that the
economy is not in good shape. It can pinch you in different ways even if
you are a employee or employer or exporter or importer.
Your
monthly expenses will increase as retailers will pass on the
price-hike in wholesale market to consumers.
Growth
may be slower which may result in less jobs. As cost of
manufacturing increases and increase in the rate of interest and
downtrend in demand forces them to produce less products. Exports
may hit as our manufacturers may not compete the international
markets due to high cost.
Your
home loan interest may shoot up. The RBI has to take steps to
increase interest rate. And if you are an employee, your salary hike
may be kept on hold by the employer.
Your
stocks and Mutual Funds value may suffer giving you less returns.
Foreign investors may stay away from Indian Markets.
