indian economy

Occasional Monsoon Failures Are Necessary

Indian agriculture is disproportionately dependent on the monsoon rains that arrive between June and September every year. The Indian government, despite years of lip service, has not built adequate irrigation infrastructure to reduce the dependence of the country on the monsoon rains.

India has had two good years of rains in 2010 and 2011. The deficient monsoon in 2009 was not a complete drought. The last severe countrywide drought was in 2001 and 2002. More...

It Is All About The Soft Infrastructure

The period from 2007 to 2008 was unique in many ways. In the midst of a big increase in oil prices, food prices had started sky-rocketing. As the food versus fuel debate was raging, the world became concerned with its ability to produce enough food in the future.

While the Malthusian concerns were at their peak, African countries like Madagascar and Ethiopia opened up huge tracts of land in their countries to foreigners for farming. One of my contentions at the time was that land does not grow food, people do. More...