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18 countries struggling with inflation worse than India's
Inflation has been on of the biggest barrier to India’s growth for the past few years. RBI has kept a tight fist on interest rates, which many believe is holding back recovery. Simply put, companies can only expand if they get to borrow money at reasonable cost and there is enough liquidity.
Many countries world over are caught in the similar situation as India. Some, such as Venezuela and Syria have inflation over 50 per cent. This means, the price of commodities in the countries is doubling every year.
Let’s take a look at 18 such counties that have seen higher price rise than India.
Data Sources: tradingeconomics.com and CIA World Factbook
India
Latest reported inflation rate: 8.59 per cent
GDP (purchasing power parity): $4.962 trillion
Budget deficit: 4.5 percent of GDP
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18 countries struggling with inflation worse than India's
Venezuela
Latest reported inflation rate: 61.50 per cent
GDP (purchasing power parity): $407.4 billion
Budget deficit: -9.8 per cent of GDP
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18 countries struggling with inflation worse than India's
Syria
Latest reported inflation rate: 49.50 per cent
GDP (purchasing power parity): $107.6 billion
Budget deficit: -8 per cent of GDP
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18 countries struggling with inflation worse than India's
Sudan
Latest reported inflation rate: 37.70 per cent
GDP (purchasing power parity): $89.97 billion
Budget deficit: -4.4 per cent of GDP
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18 countries struggling with inflation worse than India's
Malawi
Latest reported inflation rate: 23.90 per cent
GDP (purchasing power parity): $15.02 billion
Budget deficit: -1.4 per cent of GDP
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18 countries struggling with inflation worse than India's
Iran
Latest reported inflation rate: 19.70 per cent
GDP (purchasing power parity): $987.1 billion
Budget deficit: -4.5 per cent of GDP
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18 countries struggling with inflation worse than India's
Belarus
Latest reported inflation rate: 17.20 per cent
GDP (purchasing power parity): $150.4 billion
Budget deficit: -0.2 per cent of GDP
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18 countries struggling with inflation worse than India's
Ghana
Latest reported inflation rate: 14.70 per cent
GDP (purchasing power parity):
Budget or deficit:
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18 countries struggling with inflation worse than India's
Mongolia
Latest reported inflation rate: 12.30 per cent
GDP (purchasing power parity): $90.41 billion
Budget of deficit: -9.5 per cent of GDP
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18 countries struggling with inflation worse than India's
Eritrea
Latest reported inflation rate: 12.30 per cent
GDP (purchasing power parity): $4.717 billion
Budget deficit: -13 per cent of GDP
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18 countries struggling with inflation worse than India's
Bhutan
Latest reported inflation rate: 11.31 per cent
GDP (purchasing power parity): $5.235 billion
Budget deficit: -2.4 per cent of GDP
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18 countries struggling with inflation worse than India's
Guinea
Latest reported inflation rate: 10.30 per cent
GDP (purchasing power parity): $12.56 billion
Budget deficit: -5.1 per cent of GDP
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18 countries struggling with inflation worse than India's
Argentina
Latest reported inflation rate: 10.90 per cent
GDP (purchasing power parity): $771 billion
Budget deficit: -3.2 per cent of GDP
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18 countries struggling with inflation worse than India's
Nepal
Latest reported inflation rate: 9.72 per cent
GDP (purchasing power parity): $42.06 billion
Budget deficit: -3.1 per cent of GDP
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18 countries struggling with inflation worse than India's
Turkey
Latest reported inflation rate: 9.38 per cent
GDP (purchasing power parity): $1.167 trillion
Budget deficit: -2.1 per cent of GDP
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18 countries struggling with inflation worse than India's
Pakistan
Latest reported inflation rate: 9.18 per cent
GDP (purchasing power parity): $574.1 billion
Budget deficit: -7.7 per cent of GDP (2013 est.)
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18 countries struggling with inflation worse than India's
Ethiopia
Latest reported inflation rate: 9.10 per cent
GDP (purchasing power parity): $118.2 billion
Budget deficit: -2.8 per cent of GDP
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18 countries struggling with inflation worse than India's
Liberia
Latest reported inflation rate: 8.90 per cent
GDP (purchasing power parity): $2.898 billion
Budget deficit: -2.9% of GDP
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18 countries struggling with inflation worse than India's
Egypt
Latest reported inflation rate: 8.87 per cent
GDP (purchasing power parity): $551.4 billion
Budget deficit: -13.3 per cent of GDP
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