-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
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Struck off in one blow -Gopalkrishna Gandhi
-The Hindu The Planning Commission needed to be returned to its first purposes, to its transparent and audacious planning for an India progressing without old enervations and new injustices to prosperity. Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. The 18th century nursery rhyme, its original probably a riddle, is loved for the one image it invokes - a great fall. The picture of a dumpy egg, of a being...
More »India's shifting food bowls -Ravish Tiwari
-India Today Geography of rice and wheat has been transformed with Chhattisgarh, Bihar, Jharkhand and Madhya Pradesh generating surpluses Almost 50 years ago, Prime Minister Lal Bahadur Shastri went on air to appeal to Indians to skip a meal a day. Foodgrain supplies had come under strain after the 1965 drought, and the patriotic ethos cautioned against over-consumption: what you ate left that much less for the rest. Today, it is...
More »Food security and Rodrik’s trilemma -Mihir Shah
-The Hindu The government deserves congratulations for its firm stand at the WTO, which finds support in Rodrik's trilemma The Princeton don Dani Rodrik is one of the world's leading economists. He is a firm believer in and supporter of globalisation. However, he has also posed a famous "globalisation trilemma." A trilemma describes a situation where only two of three things can hold true at the same time. If any two out...
More »Betting the farm on populism-Ajay Vir Jakhar
-The Business Standard The Budget missed the chance to articulate its intentions to the farming community; the prime minister's Independence Day speech provides another invaluable opportunity Young Indians starting their careers in an environment devoid of hope and opportunity and surviving on dole will be inclined to populist politics. But the farming community expects much more substance from the government, and the Budget was a good example of how populism trumped...
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