In today’s economy the major problem is the excessive hiking of the prices of the food products. The slowing rate of the growth of Indian economy can give an uncomfortable situation for the policymakers. The recent price hike of the onion can give the reason for the worries for the ruling political party. This also can affect the result of the elections. The Reserve Bank tries to provide a little comfortable option regarding the price hike. The RBI is trying hard by raising the lending rate of its benchmark.
In the mid of the December, the central bank provide their next policy. In recent future, the government also releases their price index of the consumer and also the output of the industry of the October month. The steps of the RBI can help a little maintain the comfort level of the economy in the present situation. But, the overall situation is not quite a hopeful for the country.
Most of the economists are quite tensed about the recent condition of the economy. The highest rate of the inflation can lead the slow growth of the economy. The overall economic status of this country can be a reason for the inflation of the food. A proper monsoon cann’t helps to avoid the inflation of the food. And, the increasing rate of the vegetable price can be a serious issue for both the economists and the common people. Some positive signs can’t help to have a proper solution in such condition. It needs more effective steps to handle the situation in a proper way.
