The balloon of inflation and a small pin
While I was reading about inflation, the majorly affected items are food and related products. The decline in the production of agricultural sector is the main reason for this. No matter how much subsidy you provide, how much base rates you decide, unless a technology revolution comes up in the agri sector, the production is not going to pick up. In terms of agricultural contribution, the following states in India are the most developed states: Punjab Uttar Pradesh Madhya Pradesh Haryana Bihar Andhra Pradesh Maharashtra West Bengal Which means, the rice growing states are lagging behind in technology part of it. [Well, West Bengal produces rice but consumes most of it there itself.] This is exactly why the wheat eaters are not as affected as the rice eaters down south. I found the break up of effect in a major magazine I went through recently. It is not the supply that has gone up. Food is always a necessity. The growing population makes it evident that the demand is increasing. But th...