Ironic, but an apt title for the plight of ordinary Indian. The dream team of Prime Minister Manmohan Singh and Finance Minister Chidambaram has failed miserably in providing solace to the common man. The prices of eatables and vegetables are sky rocketing along with many other essential articles.
The government and the RBI have been harping about the measures taken to combat inflation for quite some time now. Surely, some measures have been taken. But the question is who is benefiting?
The only direct impact that a layman like myself see is the interest rates coming down. This is expected to benefit the automobile, infrastructure, housing and industrial sector. The logic is that the spur in growth in these sectors will rejuvenate the economy and lead to wealth creation. This would ultimately benefit the common man.
This sounds good. Still, it seems to be a process which would take at least six months to start showing significant and consistent results. Simply, this is not enough. We Indians surely deserve better.
Interest rate coming down is fine.But unfortunately, the banks do not give loans for buying rice, dal and vegetables.
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