Price Hike – A Big Problem In India

By Author: Martine Williams
Total Articles: 43
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India is situated in South Asia and has the most famous democracy in all over the world. The country is known for its cultural and commercial wealth. Though, it is facing various problems like corruption, illiteracy, unemployment and so on. Another big trouble for the nation is price hike and it is a very huge problem for any developing republic.

Now, it is not an easy task to fulfill your desire here. If you like something, you can do just one thing, think about possessing it and that’s all. Many companies understand the problem and that’s why, they give special offers and discounts on the stuff. You can even win prizes online by not paying anything. In such a way, the firms try to attract the customers for fame and profit.

Reason for the Rise in Price

Government - Well, there are lots of causes existing and one of them is government. In the starting, there was a welfare union and they paid the money instead of the citizens. Thus, the natives had not to pay more money. However, now the administration does not contribute anything and hence, all the burden comes on the commoner.

Corruption – ...
... It is also a major factor of the price rising. The government gives several things at a low price but due to the dishonesty, its price rises. Everybody wants to earn more and more profit these days and they just increase the price.

Wastage – In the country, heaps of stuff got wasted because of the improper storage. Every year, you can see lots of news that is related to the wastage of tons of material. Owing to the wastage, only a little amount got left and its prices rises. For fulfilling the needs of the particular stuff, it is sold at much higher rates.

Limited Resources – Many resources have finished and everyone wants to have the stuff. So, it is sold at the high rate. The huge population is also a reason for it.

Problems faced by the people

A common man is facing a really big problem because of it. Even fulfilling your basic needs is not a very easy task. You have to think twice if you want to go out via public transport. Ticket price is increasing day by day.

Poorest class cannot have entertainment in their life. They just spend their whole day in earning bread.

How the Problem Can be Resolved

Threat the shopkeeper and punish them if they sell the goods at high rate. Raids will give a great assistance. In this way, you can stop the excess storage and stop black-marketing as well. Control corruption and open low price store. Give good service and products so that everybody wants to come here.

If you are suffering from it and cannot own your favorite thing, avail the benefit of the special offers. Such proffers are given on some occasion like festivals, New Year, republic day and so on. Use your knowledge and grab the stuff from some quiz contest . In such a way, you can opt some easier ways and have fun.