Rising food inflation is a worrying factor - Economists.
HAC
Prasad, Senior Economic Advisor, Union Ministry of Finance on Thursday
participated in an interactive meeting on ‘the Economic survey – 2009-2010 and
the state of economy organized by the Southern India Chamber of Commerce and
Industry. He was commentating that the
Economic Survey had over last two years turned bold. He said that the emergence
of double digit food inflation was of major concern. The Centre will liaise with seven or eight research institutes in
the country to source intellectual and research inputs for the annual Economic
Survey, He said.
Quoting from a report, Mr. Prasad said that
During 2009 (January to
June) India`s share in merchandise export reached 1.2 per cent from 1.1 per
cent in 1990, while China grew by 8.9 per cent in 2008 against 1.8 per cent in
1990 and this called for tapping the huge potential. Jawahar Vadivelu, SICCI
vice-president wondered why
It is the political will
that is required to make this nation a self reliant and powerful. Fundamental
to that are increasing food production ,
purchase of oil at competitive prices[from our point of view] or increase production of
oil , improve power generation and infrastructure , make the land attractive
to investment by foreigners and
encourage exports by all means and
reduce imports and finally stop giving freebies to people which spoils people.
