Food Price Rise in India

MBA 617 Assignment 1 forage Price Rise in India Akshaya Pandey, Chandan Jha, Gyan Vikas, Tarun Rawat Food worth rise in India Last couple of months run through seen sharp increases in nutrient prices in India. The inflation in prices of basic food materials has raised alarms for the g everyplacenment as strong as for common people. According to figures released by commerce patience on 18th Feb 2010, the annual inflation in food prices rose to 17.97% for the week ended on February 6, as compared to 17.94% in previous week. In spite of promises from the Agriculture Minister Mr. Sharad Pawar and pay Minister Mr. Pranab Mukharjee, government has failed to bring down the prices. Rise in lollipop price in extend couple of months is unmatched such example. There has been a sharp fall in sugar business in India. Ironically, this has happened in a kingdom which is the largest consumer of sugar in world. The government is hoping for a record production of wheat this year and slight reduction in sugar prices in coming months. But, a lot depends on confused factors responsible for this volatility in food prices. Millions of people exact to cut their food consumption so that they can prattle it with their monthly budget.

All of this is the result of the backdrop of various insurance decisions made by the government and rise in the manipulation played by the agro business and financial companies in Indian Food Market. The price rise of some essential items over 52 weeks as reported in Times of India is: tater: 40.57 %, Pulses: 41.24 %, Cereals: 12.15 %, Rice: 9.90 %, Milk: 14.16 %, Wheat: 15.47 %, Vegetables: 20.97 %, Fruits: 8.67 % [1]. The whole sale price index of food prices is increasing at the highest rate since last 11 years. This turnaround can be attributed to imbalance amid demand and supply. On one hand, we have increasing population, income increase and increased consumption while on the supply view we find lower production due to natural disasters, declining reduce in arable land, unavailability of... If you want to get a full essay, order it on our website: Orderessay

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