Spiralling food and energy costs has pushed inflation in India to a 3 year high and the Indian Government has taken steps to control prices, banning exports of non-basmati rice and getting rid of import duties on cooking oil and maize.

India's Economic Times says the government is considering a price ceiling on commodities if all other measures fail to bring down inflation - a law last used in the 1970s..

Record prices of rice, wheat and other foodstuff, along with the sky-high oil price, have fanned inflation worldwide.

This has prompted many governments to impose price controls and curb exports of essential goods , effectively a  ' starve thy neighbour ' to get ahead  policy. 

India still has one of the worlds most rapidly growing economies however a significant number of Indians  still live at or just above subsistence level and the spiralling food and energy prices coupled with the increasing gulf between the sub-continents rich and poor could easilly slip over into  political unrest. 

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