India's Economy And Teleconnectivity

[Guest]

Bhagwati is absolutely right. the only thing that we need to learn from China is what not to do. In all the discussions about food prices nobody bothers to point out that prime agricultural land continues to be taken away in the name of real estate development . though we have had a bumper crop this year it is not due to systemic growth but more of a windfall gain due to conducive conditions.

however, unless larger structural changes are effected , yields will continue as they are and the per capita availability of food will continue to fall. Food prices will rise and a million mutinies will break out.