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LATEST NEWS UPDATES | Rising food prices to hit rural India in 2016

Rising food prices to hit rural India in 2016

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published Published on Nov 10, 2015   modified Modified on Nov 10, 2015
-Reuters

India's villages face a sharp spike in food prices in 2016, as a second year of drought drives up the cost of ingredients such as sugar and milk, and poor transport infrastructure stops falling global prices from reaching rural areas. 

India's first back-to-back drought in three decades also complicates government spending calculations as Prime Minister Narendra Modi tries to prune a subsidy regime that has long propped up the rural economy, and he can ill afford to alienate rural voters after a bruising weekend electoral defeat in Bihar.

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The Times of India, 10 November, 2015, http://timesofindia.indiatimes.com/business/india-business/Rising-food-prices-to-hit-rural-India-in-2016/articleshow/49735002.cms


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