-NITI Aayog Working Paper, ISBN: 978-81-953811-7-3 Abstract -  The importance of agriculture in an economy usually declines as it climbs the development ladder. Raising agriculture productivity has been known to be an important precursor. Labour productivity in agriculture can either be increased by higher land productivity or higher land availability per farmer and mechanisation. In India, however, the dramatic increase in land productivity through industrial farming has caused severe environmental damage and...

-Down to Earth Gujarat, Maharashtra also affected, prices to come down in a fortnight, say experts Lime prices may be burning holes in middle-class pockets, but has that translated into super profits for farmers? Cultivators in Andhra Pradesh, the largest supplier of the citrus, are not exactly a happy lot. Their experience is another case study of how extreme weather can add to farm worries. Lime is cultivated in the state over an area...

-The Hindu Business Line Seeks taking necessary action as very large hoardings had taken place The Centre has asked Madhya Pradesh government to “step in to take necessary action” under the Essential Commodities Act after its team found “very large hoardings” of soyabean and mustard seeds in Dewas, Shajapur and Guna districts in excess of the stock limit prescribed under the law. Stressing the need for effective enforcement of the EC Act by...

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

-The Hindu Business Line Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020 Potato prices in West Bengal have dropped by nearly 50 per cent in less than two months on the back of Excess production in key producing regions including Uttar Pradesh, Bengal and Gujarat. Wholesale price of the tuber (Jyoti variety)...