Rising inflation and energy crisis have taken over entire Europe. The latest to join these protests are citizens of Austria. The Trade Union representatives and the Women’s rights activists have come out on the streets of Austria’s capital, Vienna to protest against the rise in energy prices and the high inflation in the country. Many other European nations are also facing energy crisis situations in their countries.
What is the incident?
The Federation of Austrian Trade Unions took to the streets of Vienna demanding the government to take mitigating measures to control inflation in the country due to which the prices of basic amenities have been rising phenomenally.
According to OGB, more than 32,000 people are participating in the protest against the government authorities.
The people are concerned about the high cost of living as gas and energy prices are soaring up. With the high rise in inflation, the government is not taking appropriate measures to curb the situation and with very little effort is not able to target the poor households.
Protests in other European Nations
Europe has been facing a period of acute recession and a rise in inflation. This has resulted in the rise in prices of basic amenities causing an uproar among the European people. The high energy price rise has witnessed protests in Italy, Vienna, and also France.
A campaign called ‘Don’t Pay UK’ was also launched in June this year, to protest against the soaring energy prices. More than 1,00,000 people in the UK have come together and refused to pay bills just for the profits of energy companies.
According to Economic data, the European Union is far ahead of India in terms of Gross Domestic Product (GDP) which is estimated to be around 17,088.62 trillion USD while that of India is only 3173.40 billion USD.
Irrespective of this huge gap, India is handling its situational crisis more vehemently than any other Western nation.
Post-pandemic, when nations around the world are witnessing a major energy crisis, India efficiently handled the energy crisis with meticulous planning and execution. Through its self-reliant policy, the Narendra Modi government announced its plan to ramp up domestic coal production to up to one billion tonnes per year.
On the other hand, Western nations and the European Union have still not recovered from the energy shortage in their countries that have led to various protests and rallies by the citizens.