Agricultural productivity and yield per acre are aspects which can not be reduced to macroeconomic policies. The key policy initiatives are different.
The effort to develop rural markets, state procurement policy, and fund inflow via cooperative banks have led to improvement. But water shortages have accentuated, and power supply remains unreliable. The persistent inflation in food may be due to supply constraints, and not monetary policy alone.
If agriculture and agro-based industry has to develop and become a major export factor, as Chester Bowles, former US Ambassador had envisaged; opening up retail sector to FDI is necessary. But this would be disruptive change, which BJP resists, despite its India first strivings.
Such a volume expansion and quality improvement for exports can come only from productivity improvements and superior input factors management practices, competitive conditions will bring forth. Most of the change agents in such a competitive market would emerge from local players, the fear of few big players outbidding all else, as has happened in US is unlikely in India.
A transition from government and cooperative based growth models to newer ones which enable better integration to urban markets and assured price-demand patterns sounds good as an abstraction, may turn out to provide real solutions.
For common man ... inflation is related to price rise .... higher the price .. higher the inflation is what a common man understands and how the prices of daily use cunsumables like vegetables are raised to loot a common man ? the wholesale price of onion, for example, is Rs.1,000 for 100 kgs ... that is rs.10 per kg A street or roadside vendor purchases at this price And he adds transportation cost of Rs.500 to bring it to his favourite location And the cost to him is rs.15 per kg AND THIS STREET VENDOR IS THE MAIN CULPRIT BEHIND THIS PRICE RISE
This street vendor sells the same onion at Rs.40 to 50 per kg
THIS IS TOTAL LOOT
ALL THE MEDIA MUST DO SURVEY FOR THIS
THESE STREET VENDORS MAKE ATLEAST RS.2000 EVERY DAY OR RS.60,000 EVERY MONTH and after giving a moderate hafta of Rs.1000 to Rs.5000 to local mafia AND police together per month ...
These looter street vendors pockets atleast Rs.50,000 FIFTY THOUSAND RUPEES EVERY MONTH in their pocket
THEY NEVER PAY MUNICIPAL TAX THEY NEVER PAY SALES TAX THEY NEVER PAY INCOME TAX THEY ARE BIGGEST LAND GRABBERS OF OUR COUNTRY THEY ADD TO GARBAGE BILL OF THE CITY WHICH IS PAID BY REALLY POOR MIDDLE CLASS PEOPLE THEY ARE BIGGEST HURDLES TO LOCAL TRAFFIC
why any govt is not addressing this issue?
because .. they are defined as POOR ... and they are converted to votebank by letting them to do business on main roads without investing in any shop ...
WE POOR INDIANS ... WE MIDDLE CLASS .. TRULY LOOTED
Re: WHAT IS THIS INFLATION?
by myindiaourindia on Jun 04, 2014 01:54 AM
Dear Raghuram Rajan, Instead of breaking your useless brain, please concentrate on micro and macro economics of producers and consumers ... your interest rates has nothing to do with price of onion or potato or tomatos sold in our country
Re: Re: WHAT IS THIS INFLATION?
by myindiaourindia on Jun 04, 2014 01:59 AM
dEAR RAJIV mALLIK, YOU .. SITTING IN SINGAPORE ....
PLEASE DO NOT TEACH US WHAT IS ECONOMICS OR FINANCE OR BUSINESS .... IT IS NONE OF YOUR BUSINESS .... WE MIDDLE CLASS INDIAN PEOPLE UNDERSTAND ECONOMICS ... REPO RATE, REVERSE REPO RATE, CURRENT ACCOUNT DEFICIT, FISCAL DEFICITS .... EVERYTHING .. WE UNDERSTAND MORE THAN YOU WE DONT NEED TO LEARN FROM YOU AFTER THIS ARTICLE, IF YOU READ THE READERS POSTS, PLEAST BE CORTEOUS TO ATLEAST REPLY
Re: WHAT IS THIS INFLATION?
by Varadarajan Ravindran on Jun 05, 2014 04:40 AM
The street vendor must go. The street vendor must be given the boot by the system.
they effected price rise in almost all utilities and consumables to squeeze us beyond taxation even. whether it is LPG, electricity, housing, transportation charges,food items, these price rises were effected to increase wealth of politicians like anything as well as their slaves in bureaucracy and public sector. they have protected themselves extremely well with pay commissions and salary bills enacted in parliament but have shown no mercy to common people on whose name they begged for votes
