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Showing contexts for: Check on the Inflation in Shri Gurudas Dasgupta Raised A Discussion On The Situation Arising Out Of ... on 16 April, 2008Matching Fragments
Sir, I would also like to point out that the Government has taken several steps to check inflation. One of the suggestions which have been given is to increase the interest rates. I think, the hon. Minister of Finance has also noted that. We do not mind increasing interest rate even though it might hurt growth. We are growing at about nine per cent a year and the country can sustain a little less growth if the prices can be checked. The other option is to let the rupee appreciate. That will make the import cheaper. We will be able to import edible oil and fuel at lower prices. But when that happens our exporters lose out.
Lastly, when the Government says, when the hon. Prime Minister himself says that it is very difficult to contain the price rise, it means that there is a serious economic crisis and the Government is incapable of dealing with this economic crisis. So, it is better that this Government is thrown out of the gaddi. The sooner this Government goes, a new Government comes the better it is; they will check the inflation so that the real aam aadmi will be benefited once they go out. Thank you very much.