Economic Crisis and India
Recently most of the countries confront an unprecedented economic crisis, though the intensity of the same has, of late, palliate itself. There occurred a serious devolution of the value of money. It is delinquent to the sky kissing prices of crude oil and food: the devil pivots of earthly economy. Payday prices have escalated to 1000 a tons qualification the poor countries to spend 60 percent of income on food. Likewise OPEC who is determined to prosper at the cost of global fraternity This ruinous competition mingled with the two kills the human spirit by escalating the inflation.
Besides these evident causes, underneath lie some important factors, which are answerable for the recent global economic crisis. Most of the countries like Iraq, Iran, Afghanistan, India, etc, are at the grasp of terror. They are all battle ridden. And this destroys the spine of economy. Similarly, the weather dependent cultivation is also at the starting time of economic crisis. Countries like India also faced the problem of abusive money. The result of this global economic crisis is far-felt and very penetrating. Most of the countries have to suffer this. India is better placed when compared to other foreign countries.
However what is affecting
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