Inflation News: The burden of inflation is increasing on the common man, see what is the condition of the economy after three years of the epidemic

Common man hit by the burden of EMI

Economist S. Venkatesh says that the lockdown badly affected the common man along with the economy. The first major impact was that loans became costlier. In a country where 70 to 80 percent of the essential things are bought on loan, that is, on EMI, it can be estimated that what effect it would have had on the pockets of the people. Raw material became costlier globally. Due to this, the prices of vegetables, pulses, wheat and other food items continued to rise in India. Kitchen budget spoiled. Income decreased. The common man is still trying to recover from it.

Ukraine war fueled the fire

India was trying to recover from the Corona epidemic that the war between Russia and Ukraine started. Due to this, the inflation caused broke the back of the common man. Instead of reviving the economy, it pushed it further back. According to experts, the Ukraine war has been pushed back at least two more years. The supply chain was completely disrupted. Despite this, the war between the two countries still does not seem to stop completely. Due to which the reduction in inflation is still looking far away.

India came out fast

Despite all this, India has caught a very fast economic pace. Despite all the difficulties, India’s development and economic speed remained intact. Deepak Sood, Director General of Industry Chamber Assocham, says that the steps taken by the government to increase the economic momentum have been helpful in bringing economic activities back on track to a great extent. The manner in which economic activities have returned on track in India with the cooperation of industry and common people, it is commendable. In today’s date, India’s economy has reached such a level that it is ready to face any challenge.

Mukesh Ambani did not take salary for two years, made investors rich, those who invested ₹ 1 lakh are now owners of ₹ 42 lakh

challenges remain

Narendra Wadhwa, head of SKI Capital Ventures, says that many sectors have returned after the lockdown, but challenges remain in many sectors. Small scale industries are yet to come back on track completely. Employment has still not come to a satisfactory level. Significantly, the condition of employment has not yet reached the pre-Corona level.

these things made me cry

March 2020 to March 2023

Repo rate from 4 percent to 6.50 percent
– Interest on home loan 7.15 to 7.65 percent 8.75 to 9.10 percent
– Rupee value 75.16 82.21
Petrol Rs 69.59. 96.72 Rs.
Diesel Rs 62.29. 89.62 Rs.
– Milk (toned) Rs.42.29. 53.00 Rs.
– Mustard oil Rs.117.95. 120 Rs.
Bread Rs.20. 25 Rs.
– Gold (10 grams) Rs 43,335. Rs 59,680