Bush blames India for rising food prices
Indo-Asian News Service, India Today, 03 May 2008US 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. ... Read full article
