Comments on: Inflationary Economics - The Rising http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/ Veni? Vidi? Hee hee! Poda! Fri, 25 Jul 2008 00:19:01 +0000 http://wordpress.org/?v=2.5.1 By: RS http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5148 RS Mon, 15 Oct 2007 03:39:19 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5148 Very well written. It was a joy to read. Also loved the previous post (Blossom Babykutty). A profound and enlightening piece of work which makes the reader ask (himself and others around him); polymer dolls can be imported without being seized at customs? Very well written. It was a joy to read. Also loved the previous post (Blossom Babykutty). A profound and enlightening piece of work which makes the reader ask (himself and others around him); polymer dolls can be imported without being seized at customs?

]]> By: Ravi http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5142 Ravi Sat, 13 Oct 2007 03:50:24 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5142 Yes, India is in a bit of purple patch, with a booming economy, sensex soaring, inflation down. There are also a breed of people who are trying to bring out a social change in this changing scenarios. Of them, there is BABAJOB. I ws overawed with thier vison. -Ravi Yes, India is in a bit of purple patch, with a booming economy, sensex soaring, inflation down. There are also a breed of people who are trying to bring out a social change in this changing scenarios. Of them, there is BABAJOB. I ws overawed with thier vison.
-Ravi

]]> By: bhanu http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5138 bhanu Fri, 12 Oct 2007 14:16:56 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5138 This is the most important thing in the rise of Indian economy " Not worried about Future" . Now here is the cycle , The H1 boom, and Y2K helped IT revolution shipped some Indians abroad. The money remitted by these Indians helped the families to spend more which helped the traditional brick and mortar companies. So the output rose. The psychology of the people helped the economy grow. The dollar remittance by Indians living abroad in the 50s through 90s is probably much lower than the one in the 2000s. I am trying to get numbers. Meantime , please revert back to the HUMOR :-) This is the most important thing in the rise of Indian economy ” Not worried about Future” .
Now here is the cycle ,
The H1 boom, and Y2K helped IT revolution shipped some Indians abroad.
The money remitted by these Indians helped the families to spend more which helped the traditional brick and mortar companies. So the output rose.
The psychology of the people helped the economy grow.
The dollar remittance by Indians living abroad in the 50s through 90s is probably much lower than the one in the 2000s. I am trying to get numbers.
Meantime , please revert back to the HUMOR :-)

]]> By: bhanu http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5137 bhanu Fri, 12 Oct 2007 14:16:28 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5137 By 2003 the remittances reached $ 18billion which translates to "7920000 0000000" which is 79 lakhs, crores . Holy Crazy . Thats how much money is available to spend for the people living in India. Now going back to the Keynesian output, this is not an output by Indians living in India. This is the output by Indians living abroad, but spent in India. Now throw in the people psychology to this mix. People are spending more than their parents did. Reason, they are getting spending money from a cousin or brother living abroad. OR in the case of working professionals, they are getting good salaries from the companies and are not worried about future. By 2003 the remittances reached $ 18billion which translates to “7920000 0000000″
which is 79 lakhs, crores . Holy Crazy . Thats how much money is available to spend for the people living in India.
Now going back to the Keynesian output, this is not an output by Indians living in India.
This is the output by Indians living abroad, but spent in India.
Now throw in the people psychology to this mix.
People are spending more than their parents did. Reason, they are getting spending money from a cousin or brother living abroad. OR in the case of working professionals, they are getting good salaries from the companies and are not worried about future.

]]> By: bhanu http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5135 bhanu Fri, 12 Oct 2007 14:14:44 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5135 Now the real math, About 1 million jobs were created by the TATAS, AMBANIS .... NARAYAN MURTHY's for the last ten years. This eventually helped government treasury as people paid taxes. Government is getting richer every day. Now back to the argument from your Keynesian school of thought that money supply in addition to interest rates, and output , Interest rates were hovering around 6%. Now lets talk about the output, while the output was increased, ( i don't have exact numbers ) the issue here is the spending capacity of the growing middle class. In current day, Indian middle class families have few relatives abroad and received healthy sum from them. Now the real math,
About 1 million jobs were created by the TATAS, AMBANIS …. NARAYAN MURTHY’s for the last ten years. This eventually helped government treasury as people paid taxes.
Government is getting richer every day.

Now back to the argument from your Keynesian school of thought
that money supply in addition to interest rates, and output ,
Interest rates were hovering around 6%.
Now lets talk about the output, while the output was increased, ( i don’t have exact numbers ) the issue here is the spending capacity of the growing middle class. In current day, Indian middle class families have few relatives abroad and received healthy sum from them.

]]> By: bhanu http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5133 bhanu Fri, 12 Oct 2007 14:09:53 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5133 Also , can you write more on the BLACK money in India ? Also , can you write more on the BLACK money in India ?

]]> By: Amarjeet http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5130 Amarjeet Fri, 12 Oct 2007 13:38:37 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5130 I like your new style I like your new style

]]> By: Vijay http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5129 Vijay Fri, 12 Oct 2007 11:16:36 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5129 dude, its fundoo easily one of your best. i am a regular to your blog but for the first time i felt compelled to post a comment. keep it up... "Nobel prizes are being flung" was a killer... whoa whoa dude,

its fundoo easily one of your best. i am a regular to your blog but for the first time i felt compelled to post a comment.

keep it up… “Nobel prizes are being flung” was a killer… whoa whoa

]]> By: Hari http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5128 Hari Fri, 12 Oct 2007 06:16:23 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5128 Yay! I got the Pamela bit.. Can't say about the rest though.. :) But I'm sure we flock together here.. Yay! I got the Pamela bit.. Can’t say about the rest though.. :) But I’m sure we flock together here..

]]> By: sidin http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5127 sidin Fri, 12 Oct 2007 05:03:13 +0000 http://www.whatay.com/2007/10/10/inflationary-economics-the-rising/#comment-5127 Normal goofy? :) Well horses for courses really. And in a few years time I will get my style and stage sorted out. Normal goofy? :)

Well horses for courses really. And in a few years time I will get my style and stage sorted out.

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