India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...

India expects a strong rebound in farm output, which will substantially reduce food price inflation that has soared since last year when the country’s worst drought in 37 years hit crops, the agriculture minister said. This year’s June-September monsoon was 16% below normal last month, but rainfall has revived significantly, calming fears of shortages and higher prices. India also needs to ease tight controls on the sugar sector, agriculture minister Sharad Pawar...

Earlier this week, India's opposition parties came together in a rare show of unity to take to the streets in cities across the country. They protested against the government's recent decision to raise fuel prices after it scrapped its subsidy of petrol prices in an effort to cut the budget deficit. Supporters of the right-wing Bharatiya Janata Party joined hands with their ideological rivals among the Communists to paralyse normal life in...

In the wake of runaway inflation and the ensuing food crisis, the prime minister constituted three high-powered committees of chief ministers and central ministers to recommend ways of containing inflation, improving PDS and boosting agricultural production. The Working Group on agricultural production was chaired by Haryana chief minister B S Hooda, with CMs of West Bengal, Punjab and Bihar as members. Tucked away, largely unnoticed by the Indian media, as...

Sugar millers are cancelling import contracts due to a drop in domestic prices and are unlikely to sign new deals on expectations of a surge in local output, a top industry official told Reuters. The contracts had been signed late last year and early this year when domestic sugar prices rose to a record and the production outlook was lower. Since then the price has fallen by a third and the...