-The Hindu Business Line The general tendency among Indian policy makers currently is to blame international price movements for the rise in prices of essential food items in India. The extent to which this claim is valid is assessed by examining the specific case of wheat. It is no secret that Indian food prices are increasingly affected by international prices. Ever since 2002, when all quantitative restrictions on Indian imports of agricultural...
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An Agricultural Nightmare -Deepak Gopinath
-Outlook India has long been the sleeping giant of global agriculture. But its misguided policies while boosting short-term output, yet may transform India into a food importer After decades on the sidelines of international agricultural trade, India was poised last year to become a major food supplier, overtaking traditional exporters of food grain and meat. This could prove to be flash in the pan. The sudden rise and fall of India...
More »The wrong direction
-The Business Standard Budget underestimates food, fertiliser subsidies If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd;...
More »Economic Survey 2013: Indian agriculture largely a success story
-The Economic Times It is consoling that despite a deficit of 8% in south-west rainfall during 2012-13 compared to its long period average (LPA), agriculture's contribution to GDP growth is likely to be around 1.8%. It is also good news that the revised figure of agri-GDP for the 11th Plan as a whole is 3.6%, up from 3.3% estimated earlier. Gross capital formation in agriculture as a percentage of agri-GDP has almost...
More »Cash transfers to tame food price spiral-Ashok Gulati and Shweta Saini
-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...
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