Always in the belief that the price rise is going to effect the poor sections of the society in the most devastating way. And quite true to this belief the reality is happening right now here in india.
But the more true fact is that it's not affecting the lowest section of society but to the country as a whole. Rising prices led to increase in the money spend per capita consumption of the citizens of india. With the increase in expenditure in fulfilling day to day needs, they are going to demand for more wages either from the private sector or the government sector. And India which is thriving on the foreign direct investment to fund most of it's projects as well as establishment of manufacturing units by major fortune 500 companies and the sole reason they are migrating to indian subcontinent is the low cost incurred in production which is due to low labour cost.
Now with the increase in price of the basic commodities this low cost factor is going to disappear and what happen next everyone can predict........
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