Word: inflationitis
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Inflation in India has hit a 13-year high, but you wouldn't know that as you walk around the Infiniti Mall in Andheri, a Mumbai suburb. The young men and women - many of whom are aspiring models and film stars (the Bollywood studios are not far from here) - are...
Visiting a stall that serves bhelpuri - a mix of puffed rice, dough, tomato and coriander that is the quintessential Mumbai snack - I find that the price has gone up from 37 rupees a plate to 42 (about $1), in line with the current inflation rate of 12%. I ask the...
Over the past decade, economists have been divided about the great Indian boom. For one party, the Indian economy's amazing growth rates indicate that the country is a nascent superpower - an America in the making. As evidence, they can point to the growing clout of Indian firms like Bennett...
'This couldn't be happening at a worse time.' PETER SMERDON, spokesman for the U.N. World Food Program, as aid workers fled Somalia amid drought, soaring food prices, inflation and intensifying violence
''For my country and my people,'' Mexican President Miguel de la Madrid Hurtado wrote in an advertising supplement, ''(the World Cup) will give us a chance of showing the world the reality of Mexico.'' So, alas, it has. When the President stepped forward before 300 million TV viewers around the...