While the government would make us believe that all is well with the economy, and that the Indian economy is resilient enough to withstand the shocks of global recession, one visit to any vegetable market in Delhi or for that matter anywhere in the country actually gives a very different kind of a picture. Food prices, in the last one year or so, have skyrocketed to such an extent that many items have become beyond the reach of the common man. For the common man in India, the staple diet consists of things as basic as potato, pulses and rice. But given the way the prices have increased in the recent past, today they can no more be called the ingredients of the common man’s diet. The price of pulses is almost touching Rs 100 per kg, while that of potato is hovering around Rs 40 per kg. Even a year back, pulses were available in the market for less than half the price and almost a fifth in the case of potatoes. So does it mean that all of a sudden the farmers of the country have decided ...
Dr. Arindam Chaudhuri
(An IIPM Think Tank Blog)