The problem of rising prices is the greatest economic problem of India to-day. It is cutting the throats of millions to-day because of people find it hard to earn one square meal a day. Millions in India to-day sleep without food at night and wake up hungry in the morning to do their day’s work. But all their day’s work does not promise them sufficient to eat and drink.
Prices have become double in the last five years and many common things are now beyond the reach of common people. Even pulses have become a luxury and only the rich can afford them while meat sells at fabulous prices. More and more things are going beyond the pockets of the common people.
The reasons are not far to seek. There is a craze for getting rich as quickly as possible. The industrialists, the manufacturers and the middlemen seek the highest profits and have no soft corner for the poor consumer and the purchaser. Big industrial concerns have become like economic empires and dictate their own terms to the common people. Some twenty families of Tatas, Birlas, Dalmias, Singhanias and others hold the country at ransom. They have tons of black money and they are running a parallel government Smugglers, industrialists and the blackmarketeers are the real masters of our land. They hold police and judges as their slaves.
The government is also at fault. It is increasing taxes, thereby pushing prices to astronomical heights. It has been resorting a deficit financing and printing currency notes by the tons. It has increased prices and the common man is paying for his needs through the nose.