Essay on The Problem of Price Rise


Essay on The Problem of Price Rise

Problem of price rise is the burning problem at present. Prices of all things have been rising very rapidly. They have gone up twenty times. Every body complains that prices are increasing day by day. India is a developing country. In a developing country, prices are bound to go up. With developing economy the prices go up. But the trouble starts when the income of the people does not match with rising prices. India is facing this problem.

There is no actual shortage of any thing in the country. But there is shortage of honesty only. The businessmen create artificial shortage of food grains. So the prices go up day by day.

Our population is increasing very rapidly. Now our population is more than 80 crores. Food grains have not increased in proportion of increase in population.

The deficit financing in the plans is also responsible for the roaring prices. Much money is spent on some plans which do not seem to be useful. Producers say that there is a rise in the prices of raw materials. So there is an increase in the manufacturing cost.

Some people say that the taxation policy is defective and needs change to bring the prices down. The government is making investments in the industries which will show the benefits after a long time. There is no proper adjustment between supply and demand. Some government officials are corrupt. They are quite indifferent towards the seriousness of the problem.

Anti-social elements like hoarders and black marketers never miss an opportunity to cash the situation. Political parties regardless of ideologies, have one common ideology-Shedding crocodile tears for the poor to collect their respective votes. They take interest in blaming each other and politicising a problem affecting every common citizen. They are not interested in solution of a problem otherwise they must be one in tackling the problem of price-rise.

The rising prices should be checked at once. The government should take drastic steps against hoarding and black marketing. Production should be increased. Distribution of national wealth should be made fair and effective. The government must take over the trade of important food grains such as wheat, rice and sugar. The circulation of black money must be controlled at all costs. The check on growing population should be brought under control. Deficit budgets should be discouraged. Sense of patriotism must be created by our leaders who should be far above corruption. Public should co-operate with the government. Our slogan must be "Down with Prices."


If suggested steps are taken the prices will surely go down. Our government should punish the defaulters, hoarders and black marketers. In absence of any restriction the monopoly of businessmen is going on. They are charging the maximum price in place of reasonable price to gain maximum profit. 

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