High inflation in BRIC economies
BRIC countries have shown higher inflation compared to OECD countries. The three year average growth in GDP deflator in India is estimated to be about 4.6%. (2007)
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Comparative GDP growth across
Emerging economies including Brazil, Russia, India, China, Poland and Hungary recorded high growth compared to developed economies like Germany, Japan and USA. Domestic demand and increased exports have been driving growth in these countries. However, rising inflation remains a concern for these economies.
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Public debt will impact growth
India’s public debt has been rising. It is nearly 80% of the GDP, equal to several G-3 nations. In comparison, China’s public debt is only 20% of the GDP.
Experts say this may prove damaging for India as measures to control inflation may lead to slowdown.
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by India-Reports
on December 25, 2009
in Economy in Transition
A PowerPoint slide on how companies can thrive during inflation. Part of the PPT on the Inflation Survival Guide for India