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Govt couldn't have done much... It's international problem
by New Blogger on Apr 11, 2008 06:41 PM   Permalink

This crisis is more due to global rise in prices and couldn't be tamed so easily. Banning the export etc will only act as a temporary measure. The kind of growth that we have seen in last 5-6 years will certainly lead to this situation. People who are blasting the government should realize that they gained because of the growth over a period of last few years. And to be frank that growth was not due to govt but again due to global conditions.

In this globalized world we need to come out with some innovative strategies to calm down the prices. Oil prices are at an all time high. The government will need to bring down the growth rate to tackle inflation. Further govt need to look at supply side conditions in agriculture and come out with ways to improve them. This is a long term strategy and is needed to feed the population. Agriculture sector can certainly grow at a faster rate if supported properly by the govt.

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