Saturday, December 19, 2009

RISING FOOD PRICES IN INDIA

The monsoon this year was erratic and insufficient. Then came some unseasonal rainfall in late September.
Below is a news clipping from the Economic Times newspaper - 18 Dec, 2009.
Retail Prices are in Rs/Kg. ( 1 USD = INR 47 approx)

Rising food prices are always a concern in a developing country where a large percentage of the population spends over 50% of their daily income on food.

Insufficient rainfall has also resulted in severe water cuts in the city of Mumbai this year. It's going to be a long wait till the monsoon returns by June 2010.

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