BATMAN
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Food crisis in India serious threat to Pakistan
Amanullah Khan
KarachiThe mounting food crisis in the region especially in India will have a serious impact of food inflation in Pakistan if border loopholes were not plugged effectively, well placed sources told Pakistan Observer today.
The rapid rise in global food and energy prices has created political and economic stress all over South Asia with serious strategic implications for India, Pakistan, and the region at large.
The rising food grains prices will cost badly to the popularity of the newly elected government as the people attaching high hopes with the bumper kharif crops to bring down the basic food prices. However if the leakage through illegal border trade was not stopped effectively the hopes will remain hopes merely, hence the situation calls for encouragement of legal trade to support the economy already under stress due to oil and food crisis.
The food crisis, on the other hand, is more systemic. While rising energy costs have exacerbated inflation and commodity prices, the shortage of food in India and Pakistan reflects a more endemic need to deal with a lagging agricultural sector.
The construction of high dams is the key to address the double pronged problem of ever increasing cost of electricity and shortage of food, therefore a political consensus on construction of high dams is also equally important to strengthen the economy in general and agriculture base in particular, sources said.
Amanullah Khan
KarachiThe mounting food crisis in the region especially in India will have a serious impact of food inflation in Pakistan if border loopholes were not plugged effectively, well placed sources told Pakistan Observer today.
The rapid rise in global food and energy prices has created political and economic stress all over South Asia with serious strategic implications for India, Pakistan, and the region at large.
The rising food grains prices will cost badly to the popularity of the newly elected government as the people attaching high hopes with the bumper kharif crops to bring down the basic food prices. However if the leakage through illegal border trade was not stopped effectively the hopes will remain hopes merely, hence the situation calls for encouragement of legal trade to support the economy already under stress due to oil and food crisis.
The food crisis, on the other hand, is more systemic. While rising energy costs have exacerbated inflation and commodity prices, the shortage of food in India and Pakistan reflects a more endemic need to deal with a lagging agricultural sector.
The construction of high dams is the key to address the double pronged problem of ever increasing cost of electricity and shortage of food, therefore a political consensus on construction of high dams is also equally important to strengthen the economy in general and agriculture base in particular, sources said.