Rising global food prices also due to Indias prosperity: Bush
United States President George W. Bush joined Secretary of State Condoleezza Rice in ascribing the spiralling global food prices to the rising prosperity of India's huge middle class. Prosperity in countries such as India was "good' but it triggered increased demand for "better nutrition' which in turn led to higher food prices, Mr. Bush said. At an interactive session on economy in Missouri, Mr. Bush argued that there were many factors for the present crisis, only one of which was investment in biofuels such as ethanol.