Survival of the Richest

I was shocked to see electricity bill this month,I'm consumer of one of leading energy providing company ,this bill was actually a whistleblower which made me re-evaluate everything which I consume and buy and my monthly expenses.I realised that all these essential commodity expenses have almost double,we are being hit by inflation badly.It made me think about term Inflation,poverty rich and poor.
 

Usually when we look around us, we don't see starving masses (might be we don't wanna see ). All we see are high rise buildings, large banner advertisements for the latest SUV'S Smarrtphones , and multiplexes swarming with college students munching on nachos and buttered pop corn. So it makes us wonder, what exactly moral of the story is?Where is the poor rich divide ?where lies the inflation? and so many question arises.. Despite of Indian economic growth in last 2 decade Indian society is still suffering with a wide gap between rich and poor.From past 3-4 years prevailing negative market sentiments and market volatility has made this divide even more wider. According to Asian development Bank report, which says that inflation in Asia is leaving millions behind, causing a widening gap between rich and poor. Rich are getting richer and poor more poorer.Middle class is getting miffed in between.This is more prevalent in India.

Off course there has been growth in terms of economic fronts,Roads ,Railways,Real estate,per capita, urbanisation etc.There’s been improvement in the standard of living, too. But that’s done nothing to end the distinction between the rich and the poor. Markets are flooded with luxury commodities that cater to the fancies of the privileged class. As per reports of ASSOCHAM majority of households' real spending power on non-food articles fell by over 65% in the three months of the year with steep rise in prices of fruits & vegetables and essential commodities like milk, eggs, meat and fish etc. There was country-wide survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in metro cities of India, which reveals fact that over 88% of middle income group (MIG) and lower income group (LIG) find difficult to manage the household budget and squeezing families' finances to the lowest level due to uncertainty of monsoon. Indian economy is Agrarian economy,which is totally dependent on monsoons.Poor monsoon adversely affect production.However natural calamities and poor monsoon aftermaths can be minimised though proper food procurement management system,which we don't have.

 
The prices of essential coommodities are more than doubled less than in a decade. The survey also reveals that another major item of essential consumption has also increased in price that of drugs and medicines which has gone up, obviously impacts upon the entire population, but especially the bottom half of the population which may find it extremely difficult. High inflation is putting lots of pressure on companies not just in terms of high input cost, but with demands for higher salary hikes. 72% of the respondent said that “the salary hike last year it was not in sync with the cost of living which has gone up by almost 40-50 per cent. Right from vegetables to petrol prices to house rent, everything has gone up so much and savings are also reduced to half.

 
A working common man find its everyday difficult how to mange his monthly budget.Monthly budget has become so much volatile that you have to keep a hawk eye on every single penny you going to spent. Every year Agricultural ministry claims of record foodgrain production but still prices stay high and food inflation is varying between 8-10 percent. ASSOCHAM report also mentioned that the food prices for rural population rose 9.87 per cent and for urban population it was 10.18 percent. For vegetables the prices rise was 24.55% weight age of 5.44% in CPI. In the case of milk where India is a net exporter, prices rose 14. 9%. Prices of eggs, meat and fish rose up to 9.95%.

 
However despite of all this mess our leaders still don't are concerned.Indian Leaders like Beni Prasad verma says I'm happy with the inflation and price rise it is going to help farmers ..either he must be joking or he must be most idiotic person on this earth. We actually are lacking a market regulatory authority who can at least can keep check on essential commodities necessary for survival. Arbitrarly any argument is given fuel price rise is responsible for hike on everything,this is purely ridiculous argument given. This has became "Raambaan" for politician and financial advisors of this nation to save their ***.






 As festive season approached sugar become more bitter,Milk becomes more dearer,sweets are weighed in ounces,and clothing is just enough to hide you. I guess at least it was better non materialistic life of Adam and Eve had before they ate that magical Apple,it has resulted in people feeling proud owing an Apple today,and there are also those kind of people who can't even have a slice of same Apple for Apple of their eye's. In this inflationary turmoil and unstable economic situation prevailing in our country.


 I unanimously remind of Charles Darwin theory Survival of the Fittest..I'm very much sure if he would have lived in India he would have called it Survival of the Richest !! (Note: All data derived from ASSOCHAM report available online.)