Essay on Price Rise in India : 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. India is passing through a very hard time nowadays. The problem of price-rise has become very serious. The government is unable to control the prices of necessary goods. The rise in prices is natural in a developing country like India. But when it goes out of control, causes great difficulties for the masses. If the problem is not tackled in a proper way, it may take a serious turn.
Essay on Price Rise in India
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.
India is passing through a very hard time nowadays. The
problem of price-rise has become very serious. The government is unable to
control the prices of necessary goods. The rise in prices is natural in a
developing country like India. But when it goes out of control, causes great
difficulties for the masses. If the problem is not tackled in a proper way, it
may take a serious turn.
There are many causes responsible for rise in prices. Such
rise in prices might be due to natural calamities like floods, earthquakes and
famine and also wars. The three wars between India and Pakistan and one between
Indian and China since 1962 have largely affected Indian economy. The other
reasons of the soaring prices may be bribery, corruption, black-marketing,
hoarding, smuggling, profiteering and many other anti-national and anti-social
tendencies. The pressure of population growth is also one of its causes. The
most important factor which is responsible for price-rise is the mentality of
the people to become millionaire overnight.
High prices have very bad effect on the people. These rising
prices increase the cost of living. It is deplorable that a small group of
businessman earn a lot of money by unfair means of hoarding essential goods.
Owing to this tendency a vast majority of people have to suffer untold
hardships. If the present position continues the middle-class people will not
be able to maintain their position in society.
The government is aware of this problem. A number of
measures have been taken by the government. It is also trying to increase the
production of essential goods. The
distribution of these goods has also been made fair and effective. The burden
of taxes on the middle-class has been lessened. But rising prices can be
checked only when the people co-operate with the government. The hoarders and
the black-marketeers should be severely punished. Growth of population should
be checked. Public sector should be encouraged. The government should take over
the trade of essential goods.
The government should find out ways and means to increase
the production. There should be balance in supply and demand. Only the combined
efforts of the government and the people can solve the problem.
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