"What is the reason for the current rise in food prices? We can attribute the problem to climatic conditions, especially after the 2004 tsunami that hit India and nearby countries. We have been seeing a decline in the production of almost all agri products. Now, is Bush right in blaming the prosperity of India for food price hike? The answer is 'Yes' because now Indians have more money to spend on food. With a reduced stock of food, we have a situation of more money chasing goods. Is the price hike artificial, engineered by middlemen? No, the procurement costs have gone up and the trader has to make his margins from a reduced stock of foodgrains."
Dr N. Murughasan, Chairman, and M. Rajesh, Managing Director, Rajathi Group
Hi CXOs, block a date! Here is a performance pit-stop!
* Do you lead performance in your domain, as a leader, professional, entrepreneur, author, a creative or innovative person, or a political leader (with clear development goals instead of divisive ones), or an elected representative (working towards a better world rather than selfish interests)? * Would you like to passionately talk about what you do? If the answer is YES to the above questions, connect right away, to schedule our meeting in Chennai. Check my Diary 2010 and block a date! Message to +91 94449 07996. Email Contact details