by Arun Prabhudesai 
Are we going nuts over India’s inflation touching 11.5%?
Think about a country where the inflation is 2.2 million percent. Yes, that’s right Zimbabwe’s inflation has risen from 165,000% in February to whooping 2.2 million. Can you imagine that.
The prices of goods double or even triple in a day !
Now here is another surprise.. Central bank has introduced a note that reads $100,000,000,000 ($ 100 billion) to cope up with cash shortages in the country.
I do not have picture of 100 billion dollar note, but here is how $ 500 million note looks like.
You know the actual value of that note ?
One 500 million dollar Zimbabwe note is worth mere 2 US dollars :)
[source]
July 20, 2008 Continue Reading → by Arun Prabhudesai 
India’s economy is growing at fast pace, so are the earnings of Indians. A single visit to a Mall or superstore will give you a glimpse of amount of money Indians have in their pockets.
But are Indian’s just spending or are they saving something?
I came across and interesting survey jointly conducted by Max New York Life and National Council of Applied Economic Research (NCAER) – ‘How India Earns, Spends and Saves’ – that throws some light on what Indians are doing with their money.
Here are some of the highlights of the survey
February 7, 2008 Continue Reading → 
