March 18, By Ajit Sen This article discusses the inflation, the current situation, the causes and the means to control inflation in India. Inflation refers to the problem of rising prices.
A rise in prices, economists say, is a sing of development and prosperity. But during the last two decades, prices of almost all the essential commodities have been increasing at an alarming rate.
These soaring prices have caused great unrest and frustration among the people. The people belonging to the middle class and the salaried people are hit hard. All the more, the soaring prices have become a big threat and an open challenge to the government.
It has shaken the faith of the people in the government. There is no let-up in the situation. Life has become very hard. Not to speak of rising prices, things of daily use are sometimes not available in the market.
Big businessmen hoard things and sell these in black. Adulteration of eatables is a big health hazard. Sometimes, there is no sugar, no kerosene oil, no cooking gas, nothing. The prices of petrol, cooking gas, kerosene oil and several other items of daily use are increasing every year.
Not only that, the railway fares, air fares and bus and taxi charges are also increasing regularly. The rich make a display of their wealth while the poor find it difficult to make both their ends meet. Life has lost its charm for the average bread-winner.
The indiscriminate rise in prices of essential commodities has left many a people tense and helpless. No one can foresee what is in store for the common people. There are many causes of the unprecedented rise in prices. Inflation, black marketing, hoaring, faulty credit system, over population and improper system of distribution are some of the major causes of hike in prices.
The standard of living of the people has improved.
"Low production coupled with high transportation costs due to the fuel price hike is the main reason for soaring prices," said Praveen Khandelwal, secretary general of Confederation of All India Traders (CAIT). Price rise is one of the most ticklish current problems. Whenever we go to make some purchases in the market, we learn to our great disappointment that the prices of most of the commodities have risen. Price Hike. India is facing many serious problems nowadays, but the problem of price-rise is the most serious one. It is very common these days. The prices of essential commodities are going higher day by day. Price Hike specifically for .
People need more things than they needed earlier. The increasing demand leads to hike in prices. Sometimes, natural factors like flood and drought also contribute to rise in prices.
Much food is being wasted in the parties and marriages. Production of food is not in proportion with the increase in population.PRICE HIKE To understand this term we divide this term into two parts; Price and Hike and explain both the parts separately.
Price is the value paid by the provider or supplier in the form of currency for rendering goods & services.
While Hike is an abrupt increase or rise. Problem of Rising Prices in India – Essay Article shared by Out of the many problems that are facing India, the problem of rising prices is the most intricate. Despite of continuous claims of curbing price rise making by the government, prices of commodities rose by more than per cent in comparison with the per capita income in the past one year.
The prices are soaring up more than the income in India. The middle class are being hit hardly with the price [ ]. RISING PRICES.
OR. PRICE HIKE Prices are ever on the increase. A rise in prices, economists say, is a sing of development and prosperity. But during the last two decades, prices of almost all the essential commodities have been increasing at an alarming rate. India is faced today with one of the most critical economic situations.
At no other time did Indians witness the horrible phenomenon of spiraling prices as they do today, prices are soaring like rackets and each day one finds a rise in prices of more or less all essential commodities. Words Short Essay on Price Rise in India. Article shared by.
Price rise is one of the most ticklish current problems. Whenever we go to make some purchases in the market, we learn to our great disappointment that the prices of most of the commodities have risen.
And sometimes quite exorbitantly.