The Cost of Living in "New India".
C ometh the festive season, cometh the price hike. An economist will tell that the inflation rate is in a declining mode. The Retail inflation across the country is based on Consumer Price Index(CPI) fell to 4.35% in September 2021 from 5.30% in August 2021, though, data rarely speaks the truth. Only the sufferer can feel the suffering beyond the realm of data. So, who is the sufferer here? A normal citizen of the nation who lies in the blanket of the middle class to lower class. A business that is struggling to survive post two waves of Covid in consecutive years. While talking about business, I am not referring to big Industrial powers, I am here for MSMEs that have suffered and still suffering since the inception of Covid in March 2020. Middle Class There should be no debate on the rise in the price of essential commodities in the last 1 or 1.5 years. The price hike has been varying from 40% to 100% on different food and necessary items. Although the price hike is a r...
