There are many reasons for price rise in India and factors like over-population, unemployment, corruption, loose law and order all plays an important role in price hike. Natural calamities like earth quakes, floods etc also adds to the rise in price to a certain extent...
There are many reasons for the rise in prices, if the price of petrol rises then the price of other things rises connected with petrol, like wise many things are associated with one another.
The prices rise as the richer sections have more money to pay. The price mechanism favors the rich. The commodities are limited and the rich have money power to buy whatever they want at higher prices.
The government needs to introduce rationing and distribution of essential commodities through fair price shops and curb hoarding and black marketing.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
