Guys
again due to oil surging above 140 dollars govt underrecoveries on oil is at a whopping 3 lac crores

sooner than latere we will be seing a 15-20 rs hike in petrol

inflation is 12% now and may go to 17% then

what will the impact on indian economy and job scenario in india?????:Frustration:

Understand inflation first
Read my post on a similar question mentioned

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think inflation can not be understood without understanding WPI and CPI. I just came to know that India is one of the few countries in the world where inflation is calculated on WPI (I just came to know it now. Had been ignorant of this fact for years !!)

On a serious note the WPI methodology is flawed check it at
http://fraudsofindia.blogspot.com/2009/03/india-misleads-on-inflation-figures.html

Concentrate specifically on the 6 flaws in Indian Inflation calculation.
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Which inflation are u talking about? WPI or CPI?