Wednesday, April 09, 2008

Rising inflation in India

7% inflation, riding on the back on rising food prices, is of grave concern. Not only can it lead to social instability, it is quite inhumane that the poor are finding it more and more difficult to feed themselves. It is very frustrating to see that such smart economists like we have in the cabinet, resort to populist measures and stupid policies, rather than tackle the core problems of agriculture in India -- irrigation, power, education, transportation, commodity exchange points, etc. I am a firm believer that scientifically formulated policies that solve these problems will gain the respect and votes of people, rather than short term populist measures which are easily forgotten.