Problem rising of prices in india

The cost of goods swells up. Price Rise Price rise is one of the most ticklish current problems. Heavy taxation also discourages greater production. They may not be able to understand the language of reason but they will certainly appreciate determined action.

There is no actual shortage of nay thing in the country. Cow has no religion. It is cutting the throats of millions today because millions of people find it hard to manage one square meal a day. Prices are expressed in terms of money. The foremost solution to stop price rise is increasing the supply.

It has already initiated a number of steps to check inflationary tendencies. The malady may be further aggravated by unimaginative import and export policies. Our former Prime Minister, Mr Rajiv Gandhi had taken it upon himself to root this evil out in his regime.

There is another class which can and does play an active role in determining the pattern of price-behavior. This gap seems to be increasing each year. There is another cause of rising prices. But limits should be defined. And one of the most grave of them all is that of price rise. In a developing economy a certain rise in prices in inevitable for at least three major reasons.

India is faced today with one of the most critical economic situations. If money supply increases more than goods and services available prices will rise.

When the rupee or any other currency buys much less than what it used to, and more is to be paid for practically every item, then the problem of rising prices comes into being.

With developing economy the prices go up. This finiteness often brings sanity in the economic system. Rising prices of things can cost the Modi government very dearly.

One reason is the shortfall in production. The industrialists, the manufactures and the middlemen seek the highest profits and have no soft corner for the poor consumer and purchases. The government is also to be blamed to some extent.

It often exerts such pressure on the economic system that the prevalent irregularities start popping out of the economic system.

Scarcity of crude oil is one such example. There is no proper adjustment between supply and demand.

ONION PRICE RISE

But that could also not stem the declining value of the rupee. Fourthly, in an underdeveloped economy like ours, the first increases in income always tend to be expended on food articles. The Indian economy has emphasized Industrial sector for too long but agricultural sector has been ignored ever since independence.

Last, but not the least, was the international factor, increase of oil prices in the international market. Prices are bound to increase in a developing economy and there can be no absolute price stability, as such. Banks may increase the interest rates for loans to restrict the flow of money into the system.

It should be ensured that imports are decreased and at the same time exports are increased. As investors flee in insecurity, the economy bleeds and the currency falls.

A third reason, of which the first two may be looked upon as special cases, is the large increase in currency in emulation and the operation of the law of supply and demand.

Experience tells us the only impulse to which a majority of the business people in India respond is fear. Unfortunately a majority of the business people in our country are more concerned with profit without realizing that it also carries with it the obligation to serve the community.

In a candid conversation, he also talked about being an entrepreneur, creating jobs and wellness through yoga. The symptoms of the disease are clear enough. The other factor responsible for price rise is increase in production costs. Prices are expressed in terms of money.

When the rupee or any other currency buys much less than what it used to, and more is to be paid for practically every item, then the problem of rising prices comes into being.

Rising prices of essential commodities in India

In economic terminology it is known as 'Inflation'. The problem has been with us for a long time now. The trend of rising prices in India has, in time, aroused dismay, consternation and anger.

It has been witnessed that with the passage of time, the rich have become richer and the poor still poorer. Rising Prices: Problem For Common Man The object of government in peace and in war is not the glory of rulers or of races, but the Happiness of common man. (William Beveridge) My brother- in- law, professor at Nottingham University UK, visited India after a gap of two years.

Rising Price in India

Rising Prices in India – Causes, Consequences and Remedies. Words Essay on Rising Prices and Their Effect in India ; Words Free Sample Essay on problem of rising prices in India ; Sample Letter of Request to School Principal for Provisional and Character Certificate.

Paragraph on Problem of Price Rise in india Category: Essays, Paragraphs and Articles, National Issues of India On July 25, By Vikash Mehra Price Rise or. With India importing crore barrels of crude annually, a dollar increase in prices on a permanent basis would increase the yearly bill by roughly $ billion or Rs 10, crore.

Problem rising of prices in india
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Essay on Inflation in India (Problem of rising prices)