Article;
http://economictimes.indiatimes.com/news/economy/indicators/indias-double-digit-growth-ambitions-fade/articleshow/8070292.cms
Comment;
Double-digit growth without food security would also increase inflation to double digits. Another way of ensuring food security to the poor is increase in his income, at-least he has a choice then. He can go and buy whatever he likes from the shop if what he consumes is not available. If the Government does not have money the central bank can print some money to make way for poor by deciding minimum (JUST) wages. Of-course this will increase inflation some more and the process can be repeated again. And, when inflation is unbearable, although it may not happen because poor have option to buy other things, the Government can introduce a re-denomination of the Indian currency. It has happened in China, in France etc..etc..
http://economictimes.indiatimes.com/news/economy/indicators/indias-double-digit-growth-ambitions-fade/articleshow/8070292.cms
Comment;
Double-digit growth without food security would also increase inflation to double digits. Another way of ensuring food security to the poor is increase in his income, at-least he has a choice then. He can go and buy whatever he likes from the shop if what he consumes is not available. If the Government does not have money the central bank can print some money to make way for poor by deciding minimum (JUST) wages. Of-course this will increase inflation some more and the process can be repeated again. And, when inflation is unbearable, although it may not happen because poor have option to buy other things, the Government can introduce a re-denomination of the Indian currency. It has happened in China, in France etc..etc..
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