The world over and in textbooks of basic economics, price is defined as a function of supply and demand. In India, there is a third variable. It is called politics. Look around and evidence is strewn all over. Everything that is in the domain of private India is getting cheaper--from mobile phones to cars to anything that is manufactured.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/why-prices-wont-fall
[2] http://admin.indiaenvironmentportal.org.in/category/author/shankkar-aiyar
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/india-today-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/rice
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/sugarcane
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-prices
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-supply
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/farmers
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-agriculture
