-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the Economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
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Paddy Profit Nosedives, Farmers Driven to Brink -Siba Mohanty
-The New Indian Express BHUBANESWAR: In a State where agriculture continues to be the mainstay of livelihood for the majority, the spate of farmer suicides has not really come as a surprise. Or has it? With agriculture turning into a non-remunerative business and State’s farm sector remaining largely rain-fed, climatic changes have been sounding the warning bells but the Government saw no danger. Its self-assuredness that minimum support price (MSP) only is...
More »Fertiliser Use and Imbalance in India: Analysis of States -Ramesh Chand and Pavithra S-
-Economic and Political Weekly The common and strongly-held view in India is that balanced fertiliser use requires three major plant nutrients, namely, nitrogen, phosphorous and potassium, to be used in the ratio of 4:2:1, and any deviation in fertiliser use from this norm would constrain growth in crop productivity. This officially-accepted perception, a product of 1950s experiments, has led to wrong policies on fertilisers. Estimating actual and normative quantity of N,...
More »Angus Deaton and the great Indian poverty debate -Himanshu
-Livemint.com Nobel to Deaton calls for a celebration of not just his own work but also the contributions of a number of Indian economists who have engaged with similar issues The announcement of Angus Deaton winning the Nobel Prize in Economics was unexpected but not surprising. His body of work over the years has influenced many of us who have worked on issues of poverty, nutrition and food security. It is...
More »Punjab’s farming sector in crisis -Vikas Vasudeva
-The Hindu Agricultural experts say small farmers are working under severe economic constraints — their earnings are very low and they are indebted — and hence many are compelled to leave farming. Punjab’s farming sector is in crisis and showing signs of sickness as it suffers from falling productivity and shrinking returns. Farmers are reeling under debt, and owing to low profitability, small farmers, in particular, are quitting farming. In the past...
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