12 June 2010

Will food be affordable

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In a week Elakki Baleh hannu [ Banana ] has become costlier by 10 Rs. This is constantly the rate at which this particular commodity has been increasing in its market price. The inflation rate is also on its upward path and today its at 16.75% and is almost 10% more than what it was last year same time

The sad part here is that salaries aren't growing at this great rate and companies obviously aren't willing to give anything better. It remains to be seen where we Indian's are headed in terms of our basic food needs. How long can we keep paying and i am sure with the kind of rise we are seeing… many people are shrinking their consumption

 

The chart should be a ready reckoner… wonder where we are headed.

 

Is it time that the Govt start investing into making more farmers, so that at least food items remain available readily

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