Word: indianizing
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...Credit Where It's Due I have been a subscriber for almost 40 years and rarely have I been as disappointed with the magazine as I was with your paltry single page devoted to the Indian elections [June 1]. And it was a page that belittled India's achievement in holding the world's largest ever election, with minimal disruption and violence, and no controversies (à la hanging or pregnant chads). This election is a beacon of hope in a region that only seems to produce bad news from Nepal to Sri Lanka, Afghanistan to Burma. No wonder India...
...crop year could aggravate India's overall economic slowdown. "If production suffers, the [low] income effect will bring down rural demand, which has been buoyant so far," says Anjan Roy, Adviser for Economic Affairs at the New Delhi-based Federation of Indian Chambers of Commerce and Industry. "This, in turn, will affect industrial production." Inflation in India is deeply influenced by food and food-related items' prices. Wholesale, retail as well as futures prices of food items are rising every day. "If there's runaway inflation, it will altogether throw economic policy haywire," Roy says. "If the Reserve Bank...
...hasn't witnessed an Indian summer can imagine the unyielding heat that sucks the earth bone-dry and churns up the fearsome dry wind - the loo - that wilts everything in its path. By mid- to end-June, the monsoon usually covers most of India, bringing down the mercury, soaking the ground and swelling the rivers that are the lifeline of Indian agriculture. The national meteorological department had predicted a normal monsoon earlier this year, but when there was no sign of rain until the middle of June, alarm bells began to ring. Farmers in the southern state of Andhra Pradesh...
...government now predicts that the late monsoon will still bring 93% of an average year's rain. "We're still hoping the rains will come," says K.R. Koundal, director of research at the New Delhi-based Indian Agricultural Research Institute, the government-run institute for agricultural research, education and extension. But for this to hold true, there will have to be moderate to heavy rains from June through September to make up for the shortfall, and even a 7% gap has economists and agricultural scientists worried. India's long stagnant agriculture sector, which has grown only 2% over the last...
...Fellow at the International Food Policy Research Institute based in Washington D.C. Dr Rajeswari S. Raina, senior fellow at the Centre for Policy Research in New Delhi, adds that India needs a coherent policy on rainfed agriculture. "The national agriculture policy talks exclusively about irrigated agriculture despite 60% of Indian farms being entirely dependent on rains," she says...