A small comparison between US and India:
Per Capita income: India Rs. 53331 US $ 41663 =Rs.2333128 (ratio: 1 : 44);
Oil consumption: Ind 2.409/1000 Barrel p.a. US 22.6/1000 barrel p.a. (ratio 1 : 10.8);
GDP growth: Ind 8.9% - US 2.2% (ratio 4:1);
Oil price in last 2 weeks: India increase 11%; US decreases 10% (fall out 19% higher in India);
Current oil price at pump: US Rs.54 per litre app – India Rs.76 per litre app. (40% higher in India);
How burdensome it is on a consumer to bleed out money thru his nose from his meager income level – the impact is equivalent as if the US consumer pays Rs.3300 per litre ( he pays only Rs.54) ; and, that is when our consumption is less than 10% from their; when our economy is growing at a 4 times faster rate than their.
Basic economic principle is when economy grows your currency strengthens – ours is going deepSouth (because some bank accounts in the West are ballooning).
“LOGICS – THOU ART ELUDING INDIAN ECONOMY”.
Govt. may give 999 reasons for this. The actual reason is ONE and ONLY ONE:
T H E Y A R E L O O T I N G T H E C O U N T R Y.
Per Capita income: India Rs. 53331 US $ 41663 =Rs.2333128 (ratio: 1 : 44);
Oil consumption: Ind 2.409/1000 Barrel p.a. US 22.6/1000 barrel p.a. (ratio 1 : 10.8);
GDP growth: Ind 8.9% - US 2.2% (ratio 4:1);
Oil price in last 2 weeks: India increase 11%; US decreases 10% (fall out 19% higher in India);
Current oil price at pump: US Rs.54 per litre app – India Rs.76 per litre app. (40% higher in India);
How burdensome it is on a consumer to bleed out money thru his nose from his meager income level – the impact is equivalent as if the US consumer pays Rs.3300 per litre ( he pays only Rs.54) ; and, that is when our consumption is less than 10% from their; when our economy is growing at a 4 times faster rate than their.
Basic economic principle is when economy grows your currency strengthens – ours is going deepSouth (because some bank accounts in the West are ballooning).
“LOGICS – THOU ART ELUDING INDIAN ECONOMY”.
Govt. may give 999 reasons for this. The actual reason is ONE and ONLY ONE:
T H E Y A R E L O O T I N G T H E C O U N T R Y.
