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. Although it is affecting universally, yet it has rendered the life of the poor impossible to pull on and the number of poor in India is far greater than the rich. So it is the problem of the whole country. Prices of all commodities are rising almost daily.
They have given rise to widespread distress, especially among people who are already living at the subsistence level and also among those in the fixed income group, viz. At one time they constituted 60 percent of our population, but now their number has gone up.
Constantly rising prices are like a fire feeding on itself. As they erode the incomes of wage-earners, they give rise to labor unrest. That in turn brings down productivity leading to further increase in prices. Thus, they establish a vicious circle which it becomes problematic to break.
As the costs of production mount, all schemes of planned economic development go out of the window and national economy is overtaken by chaos and thrown out of gear. What is that triggers off an upward movement in prices? According to experts, in a growing economy, some increase in prices in inevitable.
It is only when such increase becomes abnormal and persistent that politicians and economists feel obliged to sit up and take notice. Then they try to pinpoint the causes and begin their search for remedial measures to bring the situation back to normal.
|Essay On The Problem of Rising Prices||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.|
|280 Words Short Essay on Price Rise in India||Price rise is a world phenomenon today and inflation is affecting every section rich and poor of society. About three decades ago we could purchase wheat at thirty rupees a quintal, but today we cannot get it at less than three hundred rupees a quintal in big cities.|
|It is cutting the throats of millions today because millions of people find it hard to manage one square meal a day.|
The factors which contribute to price rise can be broadly classified as external and internal. In the context of the situation as it has developed in India, we have heard it repeatedly many times that the rise in prices witnessed in the country is in part due to the impact of global inflation.
Obviously, we can not do much about global inflation and the impact it has on the price situation in India.
But we can certainly apply our minds to identifying and controlling or at least mitigating the rigours of the internal factors which may be aggravating the situation. The symptoms of the disease are clear enough.
But before we start thinking of the remedies, we need to form a clear idea of its internal causes also.
According to economists, the main culprit in this context is inflation. We are repeatedly told that money supply in the country has been increasing.
This means that the amount of money circulating in the market has been going up. Naturally enough if it exceeds the value of goods available in the market, the prices are bound to go up.
This indicates a state of imbalance in the economy which may be due to various factors e. When we talk of production in that context, we have to take into account both industrial and agricultural production. The malady may be further aggravated by unimaginative import and export policies.
If imports are not so oriented as to fill the gaps in the domestic market and exports are so managed as to widen such gaps, the results are bound to contribute to prices increasing. All this concerns the way unimaginative state policy can aggravate the situation on the price front.
But the story does not end there.Constantly rising prices are like a fire feeding on itself. As they erode the incomes of wage-earners, they give rise to labor unrest. That in turn brings down productivity leading to further increase in prices.
Introduction. This essay will review how the rising fuel prices affect the different macroeconomic variables such as inflation, rising production cost, unequal economic conditions between oil exporting and oil importing nations. Problem in Rising Price of Commodity in World Essay 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. The article looks at the various ways that can be used to curb the rising prices of gas in the United States.
The methods proposed are subsidies and tax reductions, which will see that the prices of . Microeconomics Issues of Rising Oil and Gas Prices: Analysis of Two Articles Words Jan 9th, 3 Pages During the last two months, the price of gas in the U.S.
has been on an upward trend. Essay on Inflation in India (Problem of rising prices) Category: National Issues of India On March 18, By Ajit Sen This article discusses the inflation, the current situation, the causes and the means to control inflation in India.