Rising inflation- Is Govt. doing all that is required to contain it?

Inflation is an economic phenomenon in which the price of every commodity goes up over a period of time. In simple words, inflation reduces the value of money.

For:

- Government is providing the stimulus to keep the inflation down by putting ban on exports of key agricultural commodities.
- Government has taken actions in order to reduce the hike in food price by selling vegetables below market price through government controlled outlets.
- Government brought some policies to boost GDP growth
- RBI is increasing its interest rates to curtail the effect of inflation.

Against:

- Government has put down their hands in front of the situation.
- It is unable to control the excessive demand of goods and services.
- It can use various fiscal and monetary policies but unable to use it in proper way to curb rising inflation.

This is true that today every individual is affected by Inflation. Individuals can only reduce their spending to some extent but it won’t help in reducing inflation to a great extent. Government could have taken some serious steps to help the people of the country in minimizing the effects of inflation. But instead of finding out measures to control this situation government has aplenty of explanations to give.