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No tears: Onion economics
HOME > PAST ISSUE > SPECIAL REPORT [Premium content]April 2007
India's version of the Big Mac index
Like most people in India, economist Basanta Pradhan keeps track of the price of onions because the vegetable is a public weather vane of the state of the economy.
Onions are part of virtually every dish and are served with lime as an appetizer in every restaurant. When prices jumped in February to around 25 rupees (US$0.51) per kilogram, people started complaining and doomsday newspaper headlines began to appear.
"Onions are consumed by everybody so you cannot afford [for] ...
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