There were 12 price hikes in fuel since last January in 2013 with fall in Rupee value and increase in production costs. There was19 percent increase in potato prices that pushed up food inflation to 9.50 percent from 8.64 percent in April this year. Inflation rate recorded in June 2014 stands at 7.31% and the average inflation rate between 2012 and 2014 comes to 9.54% which is more than double the average interest rate that most of us get on our savings account.
Consider this. The cost of doing an MBA program from an Indian B-School costs Rs. 10-15 lacs now, which would cost somewhere Rs. 35-40 lacs after 20 years at 8% inflation. Similarly, cost of buying home has nearly doubled in last 3 years. Even gold as an asset class, outnumbered the inflation rate. And very recently equity mutual funds that were deemed unattractive jumped to 25K mark in June this year making India the best performing equity market in Asia-Pacific for 2014 in dollar terms.
It time to find out how prepared you are to meet the inflation challenge. Only right planning can help you overcome that. Call 1800 3000 6000 or write to us at info@bajajcapital.com.
Consider this. The cost of doing an MBA program from an Indian B-School costs Rs. 10-15 lacs now, which would cost somewhere Rs. 35-40 lacs after 20 years at 8% inflation. Similarly, cost of buying home has nearly doubled in last 3 years. Even gold as an asset class, outnumbered the inflation rate. And very recently equity mutual funds that were deemed unattractive jumped to 25K mark in June this year making India the best performing equity market in Asia-Pacific for 2014 in dollar terms.
It time to find out how prepared you are to meet the inflation challenge. Only right planning can help you overcome that. Call 1800 3000 6000 or write to us at info@bajajcapital.com.
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