Siddharth Shankar, Financial Expert / Economist
But since mid-October, the Reserve Bank has cut the repo rate by 350 basis points as the global financial crisis and high borrowing costs took a toll on economic growth. Petrol prices were cut by 10% with effect from December 6, and diesel by 6%, triggering a sharp fall in the wholesale price index. These all things affected the Inflation rate to go down.
Indian Economy will not be in good shape at least for the next 3-6 months. I fear deflation is slowly taking the economy into its grip and RBI and MOF need to act fast. They need to cut taxes so that people can spend. Mark my words there is nothing to cheer about inflation coming down – it is a sign of deflation. Trust me that the conditions for India are deteriorating fast. India will be whacked by tumbling exports and drying up of foreign finance.
ABOUT SIDDHARTH SHANKAR
In the last 12 years, Mr. Siddharth Shankar has established himself as a master in tackling financial hurdles for his clients. His expertise is to structuring Financial Products for companies to cover their financial risks that were generated due to their international exposure to Money and commodity markets. Many national and international corporate houses still seek his opinion as a Diamond Business Consultant. His versatile personality has even touched the sphere of healthcare sector and Alternative medicine. He has been involved with the technical teams to develop various healthcare products he has also authored numerous articles related to Alternative medicine.
He has been involved with the marketing systems of Google, Yahoo and other search engines to achieve the maximum effectiveness of their campaigns. In Healthcare sector his expertise lies in Spa Management and Development, Product Conceptualization, Web-based marketing of Health Related Products.
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