They have given rise to widespread distress, especially among people who are already living at the subsistence level and also among those in the fixed income group, viz. At one time they constituted 60 percent of our population, but now their number has gone up. Constantly rising prices are like a fire feeding on itself.
A rise in prices, economists say, is a sing of development and prosperity. But during the last two decades, prices of almost all the essential commodities have been increasing at an alarming rate. These soaring prices have caused great unrest and frustration among the people. The people belonging to the middle class and the salaried people are hit hard.
All the more, the soaring prices have become a big threat and an open challenge to the government. It has shaken the faith of the people in the government. There is no let-up in the situation. Life has become very hard. Not to speak of rising prices, things of daily use are sometimes not available in the market.
Big businessmen hoard things and sell these in black. Adulteration of eatables is a big health hazard. Sometimes, there is no sugar, no kerosene oil, no cooking gas, nothing. The prices of petrol, cooking gas, kerosene oil and several other items of daily use are increasing every year.
Not only that, the railway fares, air fares and bus and taxi charges are also increasing regularly. The rich make a display of their wealth while the poor find it difficult to make both their ends meet.
Life has lost its charm for the average bread-winner. The indiscriminate rise in prices of essential commodities has left many a people tense and helpless.
No one can foresee what is in store for the common people. There are many causes of the unprecedented rise in prices.
Inflation, black marketing, hoaring, faulty credit system, over population and improper system of distribution are some of the major causes of hike in prices. The standard of living of the people has improved.
People need more things than they needed earlier. The increasing demand leads to hike in prices. Sometimes, natural factors like flood and drought also contribute to rise in prices.
Much food is being wasted in the parties and marriages. Production of food is not in proportion with the increase in population. Social evils also tax the common people badly. With the breaking of joint-family system, the cost of living has gone up. The purchasing power of the rupee is continuously falling.
In the recent past, several scams have come to light that involve big amount said to have ben pocketed by the big-wigs of the country without any shame or remorse.
Several cases are pending in the courts. It is, however, feared that influential and moneyed people have the power to so circumvent the legal process in their favour that they go scot free. These huge amounts of black money produce a very bad effect on the economy of the country and lead to a rise in prices.
Price line is the life line of a nation. Blackmarketeers, hoarders and profiteers must be brought to book. Family Planning programmes should be stepped up to check over-population.
More fair-price shop should be opened in different localities. There should be an equitable distribution through the fair price shops. Shopkeepers should be directed to display the stock of essential commodities along with their prices.Today, India is facing many problems – the problem of corruption, the problem of unemployment, the problem of illiteracy, the problem of population, so on and so forth.
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For instance, firearms such as the Chinese pistols are in . Essay On The Problem of Rising Prices. Article shared by. Over the past several years rising prices have become a chronic malady in India’s national life.
They have given rise to widespread distress, especially among people who are already living at the subsistence level and also among those in the fixed income group, viz., wage earners and.
Problem of Rising Prices in India – Essay Article shared by Out of the many problems that are facing India, the problem of rising prices is the most intricate.