With the rising dollar rate, the rupee has been fractured to pieces. We are struggling to cope up with this sudden downfall, amid fears of another round of inflation in the country.
The humble Indian currency, which has been slippery for a long time now, has finally fallen so low; there are concerns about the economy plunging into depression. With the rising dollar rate, the rupee has been fractured to pieces. We are struggling to cope up with this sudden downfall, amid fears of another round of inflation in the country.
With the PM announcing a further hike in fuel rates and a curb on gold import, festivals are going to be quite lacklustre. With corruption on one side and inflation on the other, has the Manmohan Singh government completely let us down? Shouldn’t President Pranab Mukherjee be calling for early LS polls? Not that the opposition government is going to change the face of the economy, but at least they would have learned something from Congress’ debacles over the years.
With basic necessities like milk, vegetables, LPG cylinders, home and auto loans shooting through the roof, the economy has been crippled so bad that only a quick and solid intervention can put the derailing system back on tracks. Forget foreign trips, even education abroad has to wait till the country recovers because the exchange rate is so high, no student can survive on rupee at a foreign land. Even eating out, watching movies at multiplexes, going on vacations within the country and shopping for branded wear has taken a hit.
Where will this lead us to? Will the ruling government take necessary steps before the economy bleeds to death? Or is this some kind of conspiracy by the opposition government to uproot the cabinet? Whatever the case may be, it’s you and I who are at the receiving end of it all. If our needs are not met and necessities are not satisfied, there’s no way we are going to elect these buggers in the upcoming election.