Sadhu’s Weblog

Posts Tagged ‘Economy

Is this true?

Is this true?

Inflation is down to 8.4 per cent and fuel prices cut down by govt., but terrorism seems to be a consistent performer. Is this the state of India today?

This cartoon says so.

Image Courtesy: The Hindu

Advertisements

The idea to pen down my thoughts about these came while reading this Businessweek article “India’s Economy Hits the Wall”. Today, there are several news to ponder over than to feel happy about—depreciation in rupee, stock market crash and more importantly inflation. Every one of us have been hearing / discussing a lot about the current economic slowdown and inflation. The stock market swing seems to continue while the inflation is rising resulting in a lot of hue and cry about the country’s economy and its future. While the uncertainty about the high inflationary rates continues, and industry and individuals wonder about the ever rising oil prices, some experts term inflation threat to be exaggerated and temporary thus indicating that things would improve towards the third quarter this year. The article cited above criticises the congress-led UPA govt. for the crisis.

Blame it on anyone but the most affected is the common man. Inflation and rising oil prices have only gifted the common man with a possible imbalance in his monthly balance sheet. Oil prices on a high and RBI has announced a hike in interest rates. While the petrol and diesel prices have become dearer by 10 per cent, the oil companies opting to sell only branded and high power petrol and diesel has drawn lot of criticism. Moreover the public and transport system in several small towns are hit by the shortage of petrol and diesel. Added to this chaos is the indefinite nationwide strike by the All India Motor Transport Congress that will only make things worse. This will only lead to the consumer paying much more than what he is paying for vegetables and groceries.

Let us hope the inflation rate comes down very soon and, in more ways than one, helps the common man get both relief and respite.