Economic Growth in Nation Slows Down After Inflation Stays Intact

Economic Growth in Nation Slows Down After Inflation Stays IntactWith the recent developments in the economic structure of the nation, it has been found that the industrial production of the nation has come down by a substantial level. This is as a result of the rising prices that have plagued the nation. The increase in prices has made a number of stocks to fall, and this has affected the overall growth of the nation. The rates of interests are on an all time high.

There are also problems being faced because the other nations such as South Korea have increased their costs of borrowing. “Though we are seeing some signs of moderation, demand is still strong and needs to be curbed to subdue inflation”, said Jay Shankar, Mumbai-based chief economist at Religare Capital.

The inflation has led to a lot of issues being faced by the commoner of the nation. The inflation is making the rich richer, and the poor poorer. The gulf is widening and so is the economic growth of the nation going to the dogs.

There are so many political leaders with their own agendas to pull up rather than work collectively for the growth of the nation. This has led to a lot of disparity and fragmentation in the political as well as economic scene.