The answer to India’s food price issue is simple. It’s import. There is no other way. Tightening of the monetary policy by the RBI will not have that much of an impact
Small towns are not clearly defined in India. We have heard of very large towns described as small towns. In the Indian context, it appears that everything outside the top eight cities is a small town.
In the first session of 101 Markets: India beyond the Metros, a day-long seminar organised by afaqs! to highlight the marketing potential and importance of the emerging towns of India, Laveesh Bhandari, founder director of Indicus Analytics, an economics research firm, talked about ‘The making of 101 markets’ and the economic structure in the non-metro markets.
The present crisis which broke out in September with the failure of investment bank Lehman Brothers in the US actually has its roots in the era of cheap money starting in the 2000s. The rapid economic growth seen globally was fed by low cost of capital and was boosted by all round optimism, the euphoria of the positives of globalization and confidence of policy makers that markets would lead a sustainable growth path.
