Sunday, February 27, 2011

Rural prosperity is fuelling food inflation: Subbarao

Rural prosperity is fuelling food inflation: Subbarao: "RBI Governor D Subbarao has said that rising prosperity in rural India is leading to food scarcity, which is driving up food prices.

'Since rural incomes are going up, people are eating better by shifting from cereal to protein (rich diet) and it is leading to food scarcity,' Subbarao told students of the Indian Institute of Technology (IIT), Bhubaneswar yesterday."

No comments:

Post a Comment