-The Financial Express The USDA projection of 29% of agri GDP is faulty as it counts rural development expenditure also, it is only 13% In a report titled "India's Agricultural Exports Climbs To Record High" (click here to access), the US Department of Agriculture (USDA) speaks of a steep ascent in Indian agro exports-from $5 billion in 2003 to $39 billion in 2013. This may be flattering, but the facts and figures...
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Making it work -Shamika Ravi
-The Indian Express The MGNREGS stands out as one of the Indian government's most ambitious social schemes, with far-reaching consequences throughout the economy. The only known recipe for poverty eradication is a combination of high growth and high development spending. Neither is sufficient. A recent study (Kapoor and Ahluwalia, 2012) has shown that post-liberalisation, one champion of poverty reduction in India is Andhra Pradesh. This reduction in poverty is widespread, as...
More »India's farm subsidy well below WTO cap of 10%: Official
-PTI NEW DELHI: India's farm subsidies are well below the WTO's cap of 10 per cent and the developed world should move ahead with finding a permanent solution for stock piling of grains for food security purposes, an official said. According to a WTO filing, India has given a total farm subsidy of $56 billion, of which trade distorting subsidy amounts to only $13.8 billion for 23 commodities, including rice and wheat. Explaining...
More »Rice subsidy legroom may be the reason behind India's hard stand at World Trade Organisation -Dilasha Seth
-The Economic Times NEW DELHI: The risk of losing room to raise the minimum support price for rice possibly prompted India's hard stand at the WTO in July, which led to the collapse of trade talks. The farm subsidy notification made by India at the WTO earlier this week shows that the subsidy to rice risks exceeding the WTO permissible limit. If there is no relief on the procurement issue, the government...
More »Accelerating Agricultural Productivity Growth in India – Issues and Opportunities
-The World Bank In the past 50 years, Indian agriculture has undergone a major transformation, from dependence on food aid to becoming a consistent net food exporter. The gradual reforms in the agricultural sector (following the broader macro-reforms of the early 1990s) spurred some unprecedented innovations and changes in the food sector driven by private investment. These impressive achievements must now be viewed in light of the policy and investment imperatives...
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