-Hindustan Times New Delhi: In chasing higher and higher GDP growth rates, India tends to gloss over two vital facts. One, farm growth cuts poverty twice as fast as industrial growth. Two, a 1% rise in agricultural output raises industrial production by 0.5% and national income by 0.7%, according to one calculation. In other words, the country’s fortunes are structurally tied to its farmers. Two-thirds of Indians rely on a farm-based income....
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Reaping distress -Jayati Ghosh
-Frontline The inability to resolve pressing problems with respect to the production, distribution and availability of food is one of the important failures of the entire economic reform process. IN the fateful month of July 1991, when the devaluation of the Indian rupee presaged the introduction of a whole series of liberalising economic reforms, agriculture was very far from the minds of most policymakers and commentators. The immediate focus was on...
More »Pulses prices crisis: Another govt panel not a solution
-The Financial Express Just implement the CACP report on this Given how the prices of pulses have been in the Rs 150-200 per kg range in the last year, it is not surprising the government is trying to augment production—the measures include more imports and relooking the minimum support price (MSP) and assured procurement. What makes little sense, though, is setting up of another committee under chief economic advisor Arvind Subramanian to...
More »Modi govt wakes up too late to the agrarian crisis -Sayantan Bera
-Livemint.com A look at the past three budgets shows that the government took note of the crisis only in 2016 On 24 April 2014, about a month before Narendra Modi-led National Democratic Alliance (NDA) formed a new government at the centre, the India Meteorological Department made an ominous forecast. The four-month-long southwest monsoon which irrigates more than half of India’s farmlands was likely to be deficient. Over the next few months the...
More »The pulse of India’s agrarian economy
-Livemint.com Pulses use less water per unit crop and also address hidden hunger The severe drought across India should hopefully help focus attention on the overuse of water in agriculture. A data analysis by Roshan Kishore in this newspaper last week showed that the average water footprint for five major crops—rice, wheat, maize, sugarcane and cotton—is far higher than global averages. At the root of the problem is a policy framework that...
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