Rein in inflation immediately

By holding debate,discussion of high standard and debaters having academic authority on Economics belonging to both treasury and opposition benches can not give relief to the common poor people living in the far-flung villages. Though that poor section of society living in rural villages is in majority and not knowing anything about economics and its data but only feeling the bitter pinch of unbridled inflation for the last two years.
It is a matter of academic concern that price rise is an international phenomenon and in this changing economic scenario under globalisation, India can not live in isolation. So, it is natural that its economy would be affected by the economic crisis in the western and other developing countries, though it is credit for our economic managers found out ways to come out of economic downturn. But this means nothing for the poor who are facing backbreaking price rise of essential commodities and unbridled food inflation. Their relief lies only in bringing down of prices immediately, no matter what compulsion is gor government with its economic policies.
The achievement of more than eight per cent of GDP growth rate can not be an excuse of the government for rise in prices of essential commodities,which are left unchecked to break the back of the common people who constitute one-third of the population of the country. It is sheer absurdity and complete failure of economic managers to handle the situation in a balanced way.
Every country would like to have robust economic growth but at the same time the balance between the growth and inflation must be maintained. Otherwise, it would prove to be a disastrous for the democratically elected government of a nation. It is absolutely correct that the prices of petroleum products are controlled by international market. So, whenever there is a rise of their prices, we have to do so. But the government must also think that rise in prices of petroleum products has cascading impact on the prices of all essential commodities. Therefore, it is the bounden duty of a welfare state to minimise the price rise impact on the common people. Otherwise, government’s failure to curb the price rise is bound to reflect the wrath of the people against it in the elections.