India faces the challenge of inappropriate use of antibiotics while Bharat copes with poor access to treatment, resulting in a policy conundrum and inaction. India was recently in the news for the wrong reasons. The serious threat posed by the newly discovered microbe, NDM-1 (New Delhi metallo--lactamase-1), resistant to many antibiotics, triggered alarm and panic. Predictions that the country will not meet the millennium development goal for child mortality caused dismay....
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High inflation needn't be cost of growth by Subodh Varma
Is price rise going to be a permanent fixture because of India's high growth rate? This appears to be the argument put forward by the government's top economic advisers in the recently issued Economic Survey. It argues that historical experience shows that consumer prices increase faster in countries going through a fast growth phase compared to those with slower growth rates. But analysing inflation and growth data collected by the International...
More »Agriculture and allied sectors get 14,744 cr by Jacob P Koshy
Although rising food prices remain a critical concern, finance minister Pranab Mukherjee is counting on better supply management, improved output of pulses and rice, better access to rural credit and strengthening of existing agricultural schemes to bolster India’s farm output. The rural economy employs about 60% of India’s work force, contributes about 17% of gross domestic product, and is expected to post 5.4% growth over last year, according to advanced estimates...
More »Food inflation soars to 18.32%
Wholesale food inflation saw a sharp increase to 18.32 per cent for the week ended December 25, primarily due to a steep rise in onion prices. The inflation rate is a 23-week high, much above the expectations of analysts and policymakers. Food inflation, as measured by the wholesale price index (WPI), was at 14.44 per cent for the previous week ended December 18 and at 19.9 per cent in the corresponding...
More »Indian economic growth in 2011 improves poultry farmers' prospects by Caroline Stocks
The Indian economy is moving back into the fast lane, with agriculture playing a leading role. A new financial review presented by the government in mid-December anticipated economic growth of up to 9% for the year to March 2011, and forecasters believe double-digit expansion is on the cards for later in the year. "Faster growth is expected to continue as agriculture recovers sharply from last year's drought and inflation starts to...
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