-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 »Fact Check: Understanding the data on flowing milk, booming agricultural output -Harish Damodaran
-The Indian Express Agriculture Ministry’s harvest estimates don’t square with drought conditions in several cases, raise serious questions of credibility. We have had two consecutive drought years, yet India’s milk production, according to the Agriculture Ministry, has risen from 137.69 million tonnes (mt) in 2013-14 to 146.31 mt in 2014-15 and 160.35 mt in 2015-16. Never before has the country’s milk output grown at these rates — that too, in the face...
More »Reading the pulse
-The Indian Express Government committee must work out a sustainable policy framework to address scarcity and inflation in pulses The government’s decision to form a panel headed by chief economic adviser Arvind Subramanian to study and suggest ways to contain the rising prices of pulses is a welcome move. The committee is expected to frame a long-term policy, which will look into various aspects, including the MSP (minimum support price) and bonus...
More »Rise in food prices will stem demand, says FAO official -Vikas Vasudeva
-The Hindu The poor will find food unaffordable and will decrease consumption, says Shyam Khadka Though the demand for most food commodities in India is set to grow by 2025, it would at a slower rate as compared to 2005-15, according to UN’s Food and Agricultural Organization (FAO). A plausible factor is the rising food commodity prices whereby a small section of the population will find food unaffordable and thus decrease consumption. FAO...
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