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The rise in prices of almost all essential commodities has become a regular common feature in India currently. The rise in prices is partly due to varying demand and supply situation. However the major reason for rising prices is due to lack of any timely effective measures taken by the dealing government departments to check malpractices of unscrupulous trades. Such traders create artificial shortages and charge exorbitant prices from needy persons. It is a shame that even life-saving drugs are not spared. The worst affected lot is the middle-class, especially the salaried working-class having a fixed income, as they have to maintain a reasonable standard of living and at the same time manage to pay more for essential commodities.
This problem can be solved by the government installing an effective system of monitoring and control of prices through suitable measures. If they do not so, sudden and acute rise in prices causes an all-round spiral effect on prices that makes the life of common people miserable. Thereafter there is a recession leading to a sluggish economy and runaway inflation resulting in shortages and black marketing.
A socialistic pattern of society collapses under its burden. The rich tend to become richer and the poor poorer. So the government should take suitable action in this direction. Only then the real welfare of the masses can be ensured.