Mool Raj
The rising inflation rate in the country has become a major cause of concern for everi citizen these days. A few weeks ago a bizarre incident occurred. A burglar broke into one of my neighbours’ house. There were a plenty of valuable things but the thief stole only food and grocery items which shows that the public is fettered in the chain of poverty where the thief prefers food to all other valuable items. India combats alarming challenges at home and abroad. Above all the fragile economy is a great challenges that makes people’s live miserable due to increasing inflation and poverty. Inflation in India is escalating day by day. The prices of goods and services went up from the previous month. Over the past few months the prices of most goods and services consumed by the vast majority reached their highest level. Almost every people eat, wear and use have become significantly more expensive in past few months in comparison to earlier time. Price of rudimentary commodities witnessed continuous rise in the prices of eatable things and edibles. All this happening at a time when people confront formidable problems at home, like trying to recover from losses of COVID-19 and unemployment. It seems that the promises of providing good time will take some more time to realize by the Government as current economic policies are no longer effective in breaking the shackles of poverty. These days not only lower income households but also middle income households suffer from unfavourable economic circumstances. The world is struggling to recover from the effects of COVID -19 which decreased economic growth across the globe. In the post COVID world countries across the globe are paving the way for creating prosperity for their citizens whereas people in India face the bomb of inflation due to failure of policies of the government. The mere promises of change and pledge to establish an economic and social development may not satisfy the new generation of India which are well educated and have greater awareness about their condition as well as the economic situation of the country. The fraught economic situation can spawn public discontent even unrest over time. Last but not least the time is right for the Government of India to bring efficient policies to ameliorate the economic crisis and bring sustainable inflation for the people.
