Wedding Gifts: Onion Prices

wedding gifts: The common man doesn't understand bigger economic issues, according to The Japan Times. But the onion prices will make him think twice before trusting a government, said Karthik Ganguly, a political analyst and a professor of economics at Delhi University. The price of onions, a staple now too expensive for most Indian families, is seen by some economists as a key indicator of economic stability. ; Opposition parties have seized on the issue by wearing onion garlands at street rallies and offering onions instead of gold as wedding gifts. The soaring onion prices can put the government in a fix. The government has attempted to deal with the problem by selling onions at a subsidized price in some states, halting exports and cracking down on hoarders. Onion prices in some Indian cities have tripled to 200 rupees 2.79 per kilogram 1.25 per pound over the past month after untimely rains caused crops to fail. (news.financializer.com). As reported in the news.