India's household bills are soaring and the economy is slowing as high interest rates bite. Food prices in local markets are going up, this could soon be beyond our means and people are angry.
Due to rise in prices worldwide, the Government has no magic wand to bring down inflation which is now a global phenomenon. The Government had going good: growth, the budget, farm loan waiver, the jobs scheme, but inflation has thrown a spanner in their efforts. The economic measures taken by the government to rein in inflation do not produce instant results and that they take time.
The Government had order for controlling many things but the excessive holding of stocks by corporates and private parties in the trade might have caused the inflationary pressure, overruling government orders and raise the prices to meet out the profit segment as previously achieved. The Government hesitates to take hard step in the year of election which is costing Aam Adami's life very poorer. For controlling the prices of essential commodities, Government should taken stern steps to control inflation and make happy everyone.
Anil Purohit, Bhopal