December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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Economic Trends | 141
Price Situation During the 1990s
The price rise since the beginning of 1990 was almost engineered by the government
itself through rise-administered prices and rise in indirect taxes. The increase in
the prices of food grains on mere political considerations and the Gulf surcharge,
which raised the prices of petroleum products to an unprecedented level in one
single jump, were the other factors behind the recent rise in prices (refer to Table5.9).
The inflationary pressure was concentrated on primary commodities such as food
grains, vegetables, sugar, and edible oils. The prices rose rapidly during 1990–91 and
1991–92 and ...
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