-Livemint.com New Delhi: Despite widespread drought in 11 states across the country, India’s foodgrain production is actually set to grow marginally, the third advance estimates released by the agriculture ministry on Monday showed. Total foodgrain production in 2015-16 is estimated at 252.23 million tonnes, marginally higher than 252.02 million tonnes produced in 2014-15, the data shows. If the estimates hold up, it would imply that the damage to the agrarian economy is less...
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Is agriculture a business? -Harish Damodaran
-The Indian Express Yes, except that farmers suffer rules other businessmen never encounter Agriculture is said to be India’s largest private-sector enterprise, engaging nearly 119 million farmers (“cultivators”) and another 144 million landless labourers, as per the 2011 Census. It is even considered the most respectable business, going by the oft-quoted slogan “uttam kheti, madhyam vyapar, kanishtha naukri (supreme is farming, mediocre is trade and most lowly is service)”. But the exalted...
More »To subsidise or not: All you need to know about food security -B Sundaresan
-Hindustan Times Commerce minister Nirmala Sitharaman has said that the WTO will have to give a permanent solution to India’s food security issue. HT explains. * What has WTO got to do with food security? The World Trade Organisation was established in 1995 to facilitate trade among members, who now number at 161. The WTO facilitates trade through rounds of negotiations — there have been nine rounds till now, the latest being the...
More »They don’t go to the field -Harish Damodaran
-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
More »Pulse rate triggers alarm -Piyush Kumar Tripathi
-The Telegraph Satyanand Singh, a grocery store owner at Aneesabad, is selling arhar dal at Rs 200 per kg, while Ashiana Nagar-based shopkeeper Deepak Kumar sells the same at Rs 190 per kg. Mohammad Rafi of Boring Road has been selling arhar dal at Rs 190 per kg and the rate for the same at Vishal Mega Mart on Fraser Road is Rs 194 per kg. As soaring prices of arhar dal (pigeon...
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