From the bicycle to the mangoes, everything has become a turtle


From the bicycle to the mangoes, everything has become a turtle

Due to the Russian-Ukrainian war, inflation has increased all over the world, but it has more impact on European countries

posted on May 09, 2022 | Author NARVIJAY YADAV



TALKING POINTS

First it was the Covid pandemic, then Russia’s attack on Ukraine, and now the bad weather, all these hurdles have shaken India and every country in the world. The spread of the Coronavirus is largely under control; and if we talk about Russian aggression, that too will end sooner or later. But the troubles that await humanity will remain, because the threat of global warming is in the eyes. Military action anywhere largely affects the climate. For example, due to the presence of troops on the Siachen Glacier on the Indo-Pakistan border, the snow keeps melting, upsetting the environmental balance. Individuals, markets and human health have all been affected by the recent unrest. Maintaining immunity at the time of the pandemic was everyone’s top priority. To keep the body fit, cycling was recommended from the beginning. In the past two years, people have bought bicycles on a large scale and realized their dream of pedaling. During this time, a large number of cycles were sold, and the cycle industry thought of competing with China. Then the Ukrainian war started and the whole plan was turned upside down.

At present, the condition is that cycle companies must reduce their production by 50%. Raw materials such as steel, nickel, chromium salt, rubber and carbon black are needed to manufacture a bicycle. The war in Ukraine disrupted supply lines and caused the price of steel to double. The cost of the remaining raw materials also increased by 30%. Because of this, the cycle industry faces a loss of Rs 30 million every month. Most of the bikes in the world are made in China, while India is second. The largest bicycle production center in the country is the city of Ludhiana in Punjab. Major bicycle brands like Hero, Avon and United are present in Ludhiana. Likewise, the newspaper industry has also suffered, first from Corona and now from the war in Ukraine. In fact, newsprint is not arriving on time due to the disruption of global supply chains. This caused newsprint prices to rise. Besides paper, ink and aluminum plates are also used to print newspapers. All these raw materials have become more expensive by 15 to 22%, which poses problems for newspaper publishers. Despite this, the cost of a newspaper in India is much lower than in other countries.

Due to the Russian-Ukrainian war, inflation has increased all over the world, but it has more impact on European countries. In countries like Germany, Spain, Italy, rationing is done on the purchase of goods in large stores, i.e. people cannot buy the things in the quantity that they want. Racks of edible oils are empty and there is also a shortage of wheat flour. Not only lemon, but mango has also been affected by the weather this season. Lemon crops were destroyed in Maharashtra and Gujarat due to storms last year. Also, this time due to the increase in temperature and untimely rains in some states, the mango blossom wilted, which affected the production of mangoes. That is why this time the mangoes are sold at double the price and the supply is also less.

(The writer is a senior journalist and columnist. Twitter @NarvijayYadav)


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