United states president George W.Bush opened a hot argument stating India to be the reason for the spiralling global food prices.He stated many factors to be the reason for this crisis.Nearly around 350 million people in India were classified as middle class which is far bigger than the total population of United states.
As people in India started attaining wealth , the demand for high quality food increases.Finally the increase in demand directly motivates the suppliers to increase the price of essential commodities.This hot statement received many condemnation from the people of India but personally i believe Bush is quite right with his comment.
As people in India started attaining wealth , the demand for high quality food increases.Finally the increase in demand directly motivates the suppliers to increase the price of essential commodities.This hot statement received many condemnation from the people of India but personally i believe Bush is quite right with his comment.
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