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Expressindia » Story [pic] locomote prices burden the light |Font Size |-A+A | ASHOK B SHARMA bunked: Feb 01, 2010 at 1937 hrs IST Print Email To Editor Post Comments [pic] Most Read Articles Delhi rocked by massive earthquake in Pakist...Kashmir is incomplete without Pandits: OmarForget 2G, target Mayawati: Rahul tells cadr...Calcutta HC says no to CBI probe into Lalgar...Poor Indians bag plots via US NGODivorce pleas cite gay relations more freque... [pic] [pic] New Delhi Rising prices of essentialcommodities coupled with wage deflation and increasing joblessness are clitorising the poor households in India to a point of distress. Cosmetic measures of the political sympathies are futile to overlay the situation. The government of the day is harping upon the idea that an annual gross domestic product growth rate in the range of 7% to 9% would be able to address the situation. The country has already see a GDP growth rate of 7.9% in the cooperate quarter of the current fiscal 2009-10, but the situation has non improved. This is enough to prove that the GDP growth rate just would not solve the problem.

Governments heavy pane of glass of fiscal stimulus can give a gigantic push to the corporate performance and post a genuine industrial growth which has already been possible in the guerilla quarter of the current fiscal year. The services field, which accounts for 64.5% of the GDP, has also performed surface registering a growth of 9%, partly due to the writ of execution of the Sixth soften Commission award. The state governments and the public sector companies are likely to align their pay scales with the Sixth Pay Commission award and hence a further push to the services sector is expected. But this would certainly not address the wage deflation in the private sector and the shrinkage in job opportunities caused due to the impact of the global financial crisis. However, the governments spending for some social and welfare schemes has given(p) some relief to the common man,... If you want to get a full essay, order it on our website: Orderessay

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