Inflation is becoming a major cause of concern for Indian economy. For Indian Prime Minister Manmohan Singh, this is perhaps the biggest challenge of his leadership since he took power four years ago. In fact, regional election will take place in a number of states in 2008 and in 2009; general parliament election is expected to take place. So, inflation before election is never a good thing for any government.
Manmohan Singh is now keen to fight against inflation and he tried to assure the people that he is trying his best. He felt that the price of oil in the world market is increasing and this not helping Indian economy. He also feels that the world community is not doing enough to fight inflation in Asia. He is right.
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Taking some effective initiative is badly needed for the Indian people. You are right that people do not bother what is going on in the international market. They will want to have everything right. However, it is also true that the situation is not so easy to handle for any government as the price of food items is increasing on a regular basis in the global market. Now, it seems to be a big challenge for the UPA government ahead of the next parliament election in the country.
Posted by: Biplob Kishore Deb | May 9, 2008 4:21 PM | Permalink to Comment