“With better food production inflation will die down,” said chief Economic Advisor Mr. Kaushik Basu. He speculated that the good crop will reduce inflation by April.
He said, “Food inflation is high, it’s a concern. My own expectation is by April-May, the base effect would have gone.” He added that the current fall in the prices [...]

Food prices might continue to be high as Government has projected a decline in food grain production by 7.51 percent in 2009-10. With persistent high food inflation coupled with decline in food grain production and high priced import, price of essential commodities is likely to increase. Compared to a production of 234.47 million tones in 2008-09, [...]

Though the Indian economy is set to grow by 7 to 7.5 percent this fiscal, Chief Economic Advisor to Prime Minister Mr.Rangarajan said that India has to maintain an overall growth of 9 percent per annum in farm output for the common man to realize the benefits. The growth in the agricultural sector is projected [...]

Cheap land costs and increasing food prices have prompted Indian companies to invest in buying land overseas. There are about 80 Indian companies who have purchased land in Africa to grow agricultural products. The total investment is around £1.5 billion (about Rs 11,300 crore). Some of the companies which has invested in Africa are Kolkata-based [...]