Wage price spiral
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Wage price spiral - Total results - 3
Jun 25, 2011
Salaries in Indian IT growing too fast, says Pramod HaquePramod Haque, one of the world's best known venture capitalists, says Indian IT companies are seeing too much wage inflation and need to improve productivity and automation. He also predicts a hug pick-up in mergers & acquisitions over the next five years in India
Jun 13, 2011
Rising food prices push 10mn more Indians below poverty lineThe World Bank estimates that many more people have been pushed below the poverty line due to the sharp rise in food prices in India.
May 31, 2011
Indian economy is caught in the classic wage-price spiralThe government is planning to raise food support prices, and rural and urban wages are rising. This means as wages and prices chase one another, the only alternative is to slow down the economy drastically.