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How to Achieve Food Security by Ashok Gulati

Food inflation, hovering in the double digits, may play spoilsport to India’s ability to continue its rapid economic growth. It is truly troubling that food still consumes half of the expenditure of the average Indian household. No wonder a sharp spike in onion prices has the potential to upset the political calculus of social stability. India’s biggest challenge still remains ensuring food and nutritional security to its masses. Notwithstanding the nation’s...

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Prof Abhijit Sen, Member, Planning Commission interviewed by Rajesh Bhayani & Sanjeeb Mukherjee

Prof Abhijit Sen, member of the Planning Commission, discusses Budget provisions related to the agriculture sector in an interview with Rajesh Bhayani and Sanjeeb Mukherjee. Sen feels, futures trading in essentials commodities like wheat and rice should not be allowed. According to him, India should follow China in having an agency for procuring commodities from the global market. There seems to a renewed focus in this Budget on ancillary items of...

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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...

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Spike in food inflation a cause for concern, says Survey by Gargi Parsai

The sharp rise in food prices inflation will remain a major cause of concern as inflationary pressures on the domestic front are likely to be exacerbated by higher levels of global commodity prices, the Economic Survey has said. It also indicated that the political turmoil in the Middle East and the “easy money” policy being followed by developed nations trying to jump-start their own economies after the global recession of 2008-09...

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Galloping Growth, and Hunger in India by Vikas Bajaj

The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...

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