Bush too blames India for rising food prices
US President George W Bush joined US Secretary of State Condoleezza Rice in blaming the rising prosperity of India's huge middle class for the spiralling global food prices.
Prosperity in countries like India is "good" but it triggers increased demand for "better nutrition" which in turn leads to higher food prices, Bush said.
At an interactive session on economy in Missouri, Bush argued that there are many factors for the present crisis, only one of which was investment on biofuels like ethanol.
"Worldwide there is increasing demand. There turns out to be prosperity in developing world, which is good. It's going to be good for you because you'll be selling products in the countries, you know, big countries perhaps, and it's hard to sell products into countries that aren't prosperous. In other words, the more prosperous the world is, the more opportunity there is," the US President said.
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