Increase in diesel price will cause direct impact on all the commodities. Diesel is the base raw material in India for small scale Industries and base fuel for all type of goods transport,(Example trucks used in Agriculture, Trucks or Lorries used for goods transport, etc). So increase in price rise of Diesel cause direct impact in the price of all the food products and other consumer goods, etc. Increase in price hike of will cause 6 to 15% price rise in all other commodities.
Increase in production cost tax by 2% will cause minimum of 6% to maximum 12 to 18% price hike in all other commodities. So this will cause affect the normal life of middle class and below middle class people in India to suffer.
Even this type economy, will be cause for decrease in agricultural growth. If the price hike occurs in this way, small and medium scale farmer will be affected. They can't produce good and enough quantity of food crops.
Diesel is used in Tractors, mini-door, etc., Tool production cost adversely affects farmers.
Hope there will be big jump in the price hike as lost in cereals. One more important point all the people are moving towards white collared jobs. Who is ready to cultivate?
Real estate adversely affects the agricultural production.
Where, how does we gone to end???????????? A big question mark may occur in our near future!!!!!
This will cause imbalance in economy!!!
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