Late monsoons, drought, and floods had an impact on food production in the country; policy makers are optimistically pinning hopes on superlative Rabi (winter harvest season) performance. But in effect, it is highly unlikely that Rabi production would be able to meet expectations. Shortages of commodity are inevitable, but do we really have commodity shortages?
commodity prices
Figure this, if one had purchased pulses worth Rs 100 on February 06, 2008, it would cost about Rs 161 to purchase the same quantity today. Likewise, one would be shelling Rs 137 for vegetables and Rs 233 for onions. During this intervening period since 2008, while the economy has reeled under low growth conditions, [...]
