Congress takes jibe at skyrocketing airfares in country

Former Union Minister for Finance and senior Congress leader P Chidambaram on Sunday took a jibe at the country’s skyrocketing airfares and said that India will be the Vishwaguru to the world on monopolistic capitalism. Chidambaram said that today Chennai to Delhi business class fare is around Rs 63,000. In this regard, Chidambaram took to Twitter and said, “Delhi-Chennai Business Class air tickets on Vistara and Air India have been set at a ‘reasonable’ price of Rs 6300 and Rs 5700 respectively. Oops, sorry, they are set at a ‘very reasonable’ Rs 63,000 and Rs 57,000 respectively.” Chidambaram spoke about the issue of airfares in demand and supply terminology. “In free markets, when demand increases, supply will increase. In India’s free market, when demand increases, prices will increase,” he tweeted. “Airlines will expand their routes, curtail flights on old routes and jack up prices. India will be the Vishwaguru to the world on monopolistic capitalism,” he further tweeted.