If price rise continues, poor will be forced to leave Delhi: Vardhan

New Delhi: Hitting out at the Delhi government for failing to check price rise, BJP's chief ministerial candidate Harsh Vardhan on Friday said if it continues then poor people will be forced to leave the city.

He said government data shows that Delhi witnessed highest rate of retail inflation (12 per cent) in past eight months and the rate of wholesale inflation has reached 8 per cent in this period.

"As a result the common man was spending a major portion of his earning in purchasing food items. This has resulted in the shortage of demand of other commodities adversely affecting the industries," he said.

The BJP leader said that prices of vegetables have increased to 150 per cent, of fruits by 200 per cent and foodgrains by 15 per cent as compared to last year.

Vardhan alleged that it was due to the failure of the government machinery that prices have risen uncontrolled.

"If price rise continues further then poor people shall leave Delhi in large numbers. This will adversely affect the economic system and social fabric of Delhi," he said, adding according to an estimate, about 10,000 small and cottage industries were at the verge of closure.

Vardhan said on November 7, the world rating agency Standard & Poor had warned India that if government's financial condition remains to be in bad shape then India may be put in the list of dumped countries.

"If it happens then lakhs of Indian companies may not be granted loan from foreign countries. It will directly affect the economic system of the country," he said.

Vardhan said that RBI Governor Raghuram Rajan had also warned that if the price rise continues, then development would be stalled for long time and the credit of India in foreign countries would be adversely affected.

First Published: Saturday, November 16, 2013, 00:43

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