Problem of price rise in india essay
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The Economy in India: Recessionary Effect Essay
Why Petrol Price is Rising in India? - Government
In recent times, there has been a steep rise in prices. There is felt, all over the country, an all-pervading rise in the price level. Majority of the Indians are living below the poverty line. They are hit hard by the soaring prices of essential commodities. This spurt in the price level is a matter of serious concern and anxiety for the whole country.
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Cause of Price Rise in India
Higher crude oil prices will adversely impact the twin deficits of current account and fiscal, which will have spillover effects on monetary policy, consumption and investment. An analysis by this newspaper, more than a year ago, had indicated that almost the entire reduction of about 0. Lower crude prices also contributed to the narrower current account deficit. The biggest benefit of the fall in oil prices was evident in narrower twin deficits.
Rising Prices is becoming an acute problem these days. One has to live from hand to mouth. It has made difficult for everyone to meet both ends.
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