Protect rural incomes to tackle the current food security threat
We require public spending to generate demand in India’s economy and boost non-farm incomes
Retail inflation data released by the National Statistical Office this week shows a moderate rise in inflation to 4.81% in June from 4.3% last month. Despite this increase, the rate is within India’s tolerance band. But it is food inflation that is worrying, having climbed to 4.49% from 2.96%. This is a big challenge for the government.