Inflation : The first panacea for a mismanaged nation is inflation of the currency; the second is war.
Food inflation adversely affected the country in 2013 and 2014 consecutively. Curbing the prices of goods is essential in order to attain revival from the slowdown in economic growth. Food bills already consume 35% of household incomes.
Inflation, as pointed, out by economists, occurred due to weak monsoon needed for the cultivation of summer crops. Despite being the second largest producer of fruits and vegetables after China, India suffers from shortages, owing to the lack of efficient cold storage and transport facilities. RBI Governor though, has promised to cut down inflation to 8% by 2015. All measures to curb inflation would be successful only if the middle men in the supply chain are barred from carrying out their nefarious activities. Only can then we not lose out on onions and tomatoes on our dinner plates.
