Inflation in India: At present, inflation is increasing continuously in the country, the burden of which is falling on the common people. Meanwhile, Reserve Bank of India Deputy Governor Viral Acharya has told Reliance Group, Tata Group, Aditya Birla Group, Adani Group and Bharti Telecom companies responsible for inflation. He says that because of these 5 big companies, inflation is increasing continuously. That's why their monopoly rule should be ended.
The former deputy governor of RBI said that in the retail, resource and telecom sectors, these Indian companies have more power to decide the price. Along with this, they have the maximum contribution in increasing inflation. Due to these 5 big companies, small local firms are facing many problems.
The former deputy governor of RBI says that even foreign companies are not able to face these companies including Reliance Group, Tata to Adani, because these companies get protection due to heavy tariff plan of the government. Many consider the industrial policy of New India to be a national champion, which directly helps in keeping the prices at a high level.
Explain that such companies should be abolished to increase competition and reduce the power of foreign companies to decide the price.
Customers do not get benefit
Indian customers are still not able to fully benefit from the fall in raw material prices as these big 5 companies control metal, coke, refined petroleum products as well as retail business and telecom sectors.
Some things are still very expensive for the common people in India, while inflation has come down significantly due to the removal of supply-chain problems. Let us tell you that in order to reduce inflation, RBI has increased by 250 basis points from the month of May last year.
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