It is a sad state of affairs that despite focused efforts of the government to contain the price rise of essential commodities the rates of vegetables, fruits, groceries and other things are touching ceilings giving a bad time to the people especially falling under low income group.
As J&K has seen a full phase of big announcements and bounties offered by the political parties which were in fray in the Assembly polls, for which the voting of the first phase has been completed just a day before, and a new government is set to take charge after October 8, one of the most pressing issues that needs immediate attention would be the rising inflation.
It has become hard for families to manage their household budget because the incumbent dispensation has remained subtle on this vital issue for long as it has more important engagements and issues to resolve them all. It is a matter of great worry that rising prices of essentials have badly impacted the purchasing power of masses mounting pressure on them to curtail their needs, which is agonizing.
The burden of unprecedented hike in prices of essential commodities is heavy on the middle and lower-income group of families, who often struggle to make their ends meet. The new government is under obligation to take all necessary steps to help stabilize prices and give a sigh of relief to the people entangled in inflation and its effects. All said and done, it is necessary that whosoever wins the election and forms the government in J&K must collaborate with the central government to seek fiscal interventions to shield vulnerable population from inflation's impact.
A long-term strategy should focus on enhancing agricultural productivity and self-sufficiency in food production within the region as this is vital for controlling prices of essentials. Strengthening local industries and encouraging small businesses through financial support could also help alleviate the problems emanating out of inflation.
Containing inflation must be a top priority for the upcoming government to ensure economic stability, protect the livelihoods of the common people, and restore public confidence in governance. Without immediate intervention, inflation will continue to deepen economic inequality and worsen the financial hardships faced by many in the region.
