Write an article on increasing price in India?
Please Give me Answer
Answers
In India, inflation or price rise is not just an economic concept but they are also a political tool, often used by the opposition parties to launch attack on the ruling government. But in case of price rise of essential commodities, price rise is more political than economic factor. Very often, there is uproar in Parliament as political parties jostle to grab as much mileage as possible from the government's apparent failure to curb inflation, as they try to sidle up to the aam aadmi who has been worst hit by skyrocketing prices. It is because the people of lower strata are most severely affected by the rising prices, and if the price rise is in essential commodities, damage is more severe.
Answer:
Today India is facing one of the most important economic conditions. At any given time, Indians saw the horrific incident of rising prices today, the prices are rising like rackets and every day someone gets the increase in the prices of all the essential commodities. The pressure of inflation is doing a lot of mischief and the middle class families are getting Himalayan work to fulfill both ends.
Prices are expressed in terms of prices. When rupees or any other currency buys a lot less than it uses, and practically every item is paid more, then there is a problem of rising prices. In economic terminology, it is known as 'inflation'. Where there is a balance between supply of money and other goods and services, a serious problem arises. If the supply of more than the supply of goods increases, the available prices will increase .In a developing economy, prices usually show upward trend. But if the prices continue to increase, then they cause people great difficulty. They are neither rich nor poor, nor leave the producers nor the consumer. They make economic activities uncertain and unstable, causing large unrest in the minds of the people.
Fixed income groups like salaried people, wage earners and pensioners, are the most helpless victims of inflation. As the prices rise, their actual income gets worse. Additional dearness allowance, which the government does not use restrictions from time to time because their purchasing power actually goes down. Inflation motivates businessmen to invest their money in non-productive properties, such as gold and ground, whose real value is not affected by rising prices. High prices also adversely affect the country's exports and distort the balance of foreign trade.
Explanation:
Hope its helpful .