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Taming Food Inflation in India

Publisher: CACP

High food inflation, which has averaged 10 percent during FY 2008-09 to December 2012, has been a major concern for policy makers in India. This is all the more important as an average household in India still spends almost half of its expenditure on food, and poor households spend even more than 60 percent on food. These poor households cannot easily hedge much against inflation. No wonder, high food inflation inflicts a ‘hidden tax’ on the poor. Thus steps need to be taken for taming food inflation in India and also lifting agri-growth and reducing rural poverty much faster.

Author(s): Ashok Gulati, Shweta Saini | Views(506) | Download (243)

  
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