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The nation has been gripped by rapid-fire economic reforms unleashed by the Congress-led UPA government. But a lot of these recent measures will lead to higher inflation in India, dimming the hope of cheaper credit and higher growth. Over the last few days, the government has announced a slew of reform measures such as foreign direct investment (FDI) in retail, aviation and broadcasting as well as diesel price hike and capping the number of LPG gas cylinders per consumer per year. However.... More Detail on: http://www.kyachadega.com/2012/10/economic-reforms-and-inflation-in-india.html

China could significantly reduce the dependence on its imported oil, which now constitutes more than half of its oil consumption as its electric vehicle market grows.