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Reversal Of Fortunes: From net farm exporter to net importer -Harish Damodaran

-The Indian Express Between 2013-14 and 2016-17, India’s exports of agricultural commodities have dipped from $43.2 billion to $33.8 billion, even as imports have climbed from $15.5 billion to $25.6 billion Falling exports and rising imports — this has been the story of the country’s agricultural trade over the last three years, notwithstanding the Narendra Modi government’s ambitious Make in India initiative. Between 2013-14 and 2016-17, India’s exports of agricultural commodities have dipped...

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From plate to plough: An unfulfilled farm manifesto -Ashok Gulati & Siraj Hussain

-The Indian Express On agriculture, three years into the Modi government, while many steps have been taken to realise promises made in 2014, others have fallen by the wayside With the Modi government completing three years in office, it is time to assess its performance in various sectors. We focus here on agriculture. Without robust growth in agriculture, “sabka saath, sabka vikas” will remain an empty slogan. There are two ways to evaluate...

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Government may end up buying less than 30 million tonnes of wheat -Sanjeeb Mukherjee

-Business Standard Till date, government has procured over 27 million tonnes of wheat By all estimates, wheat procurement is expected to be around 30 million tonnes in 2017-18, short of the initial target of 33 million tonnes.   Food Minister Ramvilas Paswan in an interview to Business Standard did estimate that final procurement figures could be around 30 million tonnes, but said that it won't have any impact on stocks as the purchases were...

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Good news: Foodgrain output set to hit all-time high of 273 MT on back of good monsoon rains -Sandip Das

-The Financial Express Thanks to normal monsoon rains last year after two consecutive years of ‘deficient’ rainfall, India’s foodgrain production is estimated to touch an all-time high of 273.38 million tonne (MT) in the 2016-17 crop year (July-June), which is 8.7% more than the previous year. The previous record output was 265.04 MT in 2013-14. According to the third advance estimate released on Tuesday by agriculture ministry, the output of rice, wheat,...

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A new economics for a better world -Simon Sweeney

-The Hindu Business line It must focus on human security and societal development rather than feed the avarice of a golden ghetto minority The discipline of economics has long been obsessed with gross domestic product as the base measure of development. Contemporary economic globalisation and its dominant neoliberal ideology see other considerations as not worth more than a passing glance. Neoliberalism, which used to be referred to as the Washington Consensus, was promoted by...

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