To be calculated since the Corona epidemic, So all the essential things have become two to three times more expensive. How many people’s income has increased in this proportion? barely like 20 There will be percent people. meaning, 80 The standard of living of the population has declined.
First consider in simple language. The inflation rate in September was 5.5 percent. That means the item which was worth Rs 100 in August, became worth Rs 105.50 by the end of September. The average increase in prices in October was 6.2 percent. That means the same item has become worth around Rs 112. The rate of food inflation has been almost two and a quarter times. If calculated since the Corona epidemic, all these things have become two to three times more expensive. How many people are there in India whose income has increased in this proportion? There will hardly be 20 percent such people. Meaning, the standard of living of 80 percent of the population has fallen during this period. In the case of those sections who have benefited from the five kilogram free grain and direct cash transfer schemes, the hit will definitely be less.
Therefore, it can be easily understood those reports according to which consumption has relatively increased in rural areas, while it has declined in urban areas. That is why even the relative increase in consumption in villages is not an indicator of improving living standards. The essence is that except for the limited sections, the life of the vast majority of the population is in trouble due to the continuously high inflation rate. Isn’t it surprising that this is not the most important political issue in the country? Today no one asks the government what has been achieved from its Price Stabilization Fund? In the budget of the current financial year, Rs 10,000 crore was allocated for this fund run under the Ministry of Consumer Affairs.
At the time of its formation, its objective was said to be to monitor the prices of essential commodities and to intervene in case of sudden increase in prices. From America to Europe, governments have changed continuously in the last two years on the issue of inflation. But the stranglehold of the ruling class on Indian politics has become so tight that this is not an issue for both the ruling party and the opposition. Both these parties, embroiled in emotional issues, have left the people to grind the mill of inflation.