US President George Bush has joined his top diplomat in suggesting that the growing prosperity of India's large middle class is contributing to rising food prices around the world.
"The more prosperous the world is, the more opportunity there is," he said commenting on the economy during a visit on Friday to World Wide Technology, Inc. in Maryland Heights, Missouri. "It also, however, increases demand."
"So, for example, just as an interesting thought for you, there are 350 million people in India who are classified as middle class. That's bigger than America. Their middle class is larger than our entire population."
"And when you start getting wealth, you start demanding better nutrition and better food. And so demand is high, and that causes the price to go up," said Bush joining his top diplomat Condoleezza Rice in suggesting India's role in the world food crisis.
Secretary of State Condoleezza Rice had said last week that apparent improvement in the diets of people in China and India and resultant export caps among the reasons for the skyrocketing prices of grain worldwide. More...
See also: Rice tells India and China to eat less!!!
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