Rice!
For those who moan over the annual food inflation at 14.55 percent , comes salt for the wound. India! hailed as the second largest country in rice production will be importing rice after 21 years. How and why are two serious questions that everyone wants to look into. Rice being the backbone of India with high percentage of consumers in its eastern and southern parts, measuring the impact of this rice import in common man's (Indian citizen) life is crucial. How and why it happened? We all know India's agricultural sector depends greatly on the monsoons. This year the monsoon has failed. Government reports 23% below normal monsoon. This also is rated as the worst in 37 years . So the impact is evident and justified. The state cannot be held responsible for failed monsoon. We have to accept the decision with gumption. This year's poor monsoon has raised doubts about the output of summer-sown crops popularly called as kharif crops. The estimated shortage of production is...