[Kochi] Top Banker Rajan Blames Tawa For Dosa Prices
Dosa -is a South Indian dish which is loved by all but it continues to cost high whereas RBI is claiming a victory over inflation
RBI Governor Raghuram Rajan blames lack of technology upgrades from its traditional ‘Tawa’ preparation and high wages of the person making it!
‘The technology for making Dosas hasn’t actually changed.
Till today that person puts it (Dosa batter) on Tawa, spreads it around and then takes it out, right? There has been no technological improvement there.
Rajan said”However, the wages that you are paying to that gentleman, especially in a high-wage sort of state like Kerala, are going up all the time,”.
The RBI Governor was replying to a question from a Dosa- loving engineering student at a Federal Bank event last night.
Rajan replying to a question said that the workers can be used in many productive areas where productivity has gone up such as factory works, banking where today that same bank clerks service many more people because of technology.
“So, what happens is that in an economy which is growing and when there are sectors which are improving technologically while other sectors are not improving their technology, the prices for the goods manufactured by sectors, that are not improving their technology, will go up faster.
“You are seeing it in the case of Dosa,” Rajan said.