Inflation in India remains much lower than in many other developing countries. But prices are rising more than twice as fast as in China, India's chief rival for foreign investment and economic leadership among emerging markets. Prices are also increasing considerably faster than in industrialized countries.
A very interesting read. So, thought of sharing with you guys!
Check it out: http://www.iht.com/articles/2007/02/09/business/rupee.php
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