India achieved the distinction of being the second fastest growing economy amid the global recession in 2009, but the joy was marred by the decade’s sharpest rise in food prices to the chagrin of common man. For a country that continued to lose on its exports throughout the year that has gone by, economy achieved a remarkable growth of about 7% (during April- September 2009) on the back of focused government...
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Aam admi finds dal-roti out of reach in UPA’s second innings by Gargi Parsai
More than the return of the United Progressive Alliance (UPA) government to power, the aam admi will remember the year 2009 for the back-breaking mehngai and the inability of the government to make dal-roti, sabzi and chini affordable for the masses. The unprecedented rise in the price of essential commodities, particularly pulses, sugar, milk and vegetables turned the year bitter for the aam admi. What was irksome for the people was...
More »Fixing food prices
Every time inflation hits the headlines, the political blame game begins. This time too, as food prices soar, everyone in the ruling coalition and the government is passing the buck. It is possible that there is no one guilty party and a combination of factors, involving several actors, is responsible for the current price spiral. Of all the proximate factors, the most important appears to be expectations. Each time prices...
More »Price-busters on way
The government is planning to augment the supplies of essential items through imports to rein in food inflation which has flared up to a decade high of 19.95 per cent in the first week of this month. “Food prices are going up and this is an area of concern ... We have to take appropriate measures to see what best can be done by increasing the supply through imports,” finance minister...
More »India food prices hit 10-year high
Food prices in India have risen to a high of nearly 20% over last year, the highest rate in a decade. The federal finance minister Pranab Mukherjee has said the government was planning to import food to ease prices. A short supply of food due to lower farm produce following drought and floods has led to the rising prices. Overall inflation in India has risen to 4.78% in November, up from...
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