economy

INFLATION

11:54 AM

Summer season already over but rising prices still keeping things on fire .Inflation means increase in price of goods and commodities and decrease in value for money .India has been dearly hit by inflation in last couple of years, everything from essential commodities like rice, dal, etc to petrol and diesel prices have shot up to sky high prices .

Inflation has deeply affected INDIA ,it has led to decrease in foreign investments, decrease in domestic investments and wages and salary earners. The most affected from inflation are the common man .

Inflation even decreases our standard of living , per capita incomes and dearly hurts our economy . We may also need to pay more taxes to bring our economy to equilibrium .

Inflation regarding fuel oil needs to be desperately tackled as we need oil in almost every sector of our economy. The government needs to take immediate action to control inflation otherwise it will become impossible for people to manage expenses ,

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