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Madam, several hon. members have referred to the problems faced by
weaker sections of our Society. fully agree with them that we need to focus
on the developmental gaps affecting the weaker sections of our population.
would like to assure the hon. members that we will effectively deal with this
important task. Many hon. members have also made references to the price
situation in the country. There is no doubt that in the last two years or so, the
prices have become a problem for us. Fortunately, there are now indications
that prices are coming under control, but we have to be vigilant. It was in this
context that the Finance Minister's effort to control the fiscal deficit is very
relevant. Our fiscal deficit increased in the year 2008-09 because of the
developments in the international economic climate, and it was our hope that
we would be able to get back to a more reasonable level of fiscal deficit in the
year 2011-12. So, it is very important that Finance Minister succeeds in the
control of fiscal deficit as it is essential for us to achieve our objectives of
inclusive growth with reasonable price stability.
Today, India is facing many problems. The problem of rising prices is one
of the most important problems facing the country. According to some
economists, the growing economy of this country is one of the factors
responsible for rising prices. In a growing economy, the supply of money
increases quickly but the supply of goods takes time to increase. Production of
consumer goods has been rising at a comparatively slow rate in our country.
Again, black money and the rapidly increasing population in the country have
further increased inflation and consequently rise in prices.
The quick brown fox jumps over the lazy dog.