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Positive and Normative Aspects of Food Policy and the Market in Indian Agriculture-An Empirical Analysis of Government Policy Interventions in Food Management

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  • Alagh, Munish

Abstract

This paper begins by outlining the views of economists on food management and contemporary food policy issues in the backdrop of largely unchanging dynamics of slow growth of the farm sector in India. First we deal with the manner in which the changing situation is dealt with in terms of cycles in the wheat market. We also outline the analysis of how the effects of government policy including subsidizing import is dealt with in the policy literature. We then empirically examine the welfare impacts of the policy of subsidies on imports alongside high Support Prices. Finally debates on high support prices are discussed. We sum up this paper with the argument that the need for food management in India, under conditions of global volatility, risk and uncertainty is obvious to any sensitive analyst of Indian Agriculture. Efficiency and reform in food management policies and administration in relation to clearly stated welfare objectives is the need of the hour.

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  • Alagh, Munish, 2013. "Positive and Normative Aspects of Food Policy and the Market in Indian Agriculture-An Empirical Analysis of Government Policy Interventions in Food Management," IIMA Working Papers WP2013-01-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:11471
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    File URL: https://www.iima.ac.in/sites/default/files/rnpfiles/3497670192013-01-01.pdf
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    References listed on IDEAS

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    1. Alagh, Munish, 2011. "Macro-Economic Policy Outcomes and Agriculture Relation between Fiscal Deficits and Investment in Agriculture," IIMA Working Papers WP2011-10-05, Indian Institute of Management Ahmedabad, Research and Publication Department.
    2. Alagh, Munish, 2011. "Agricultural Economy of India and Macro-Economic Effects: Some Empirical Results and a Research Agenda based on the Literature," IIMA Working Papers WP2011-09-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    3. Ramaswami, B. & Balakrishnan, P., 2002. "Food prices and the efficiency of public intervention: the case of the public distribution system in India," Food Policy, Elsevier, vol. 27(5-6), pages 419-436.
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    Cited by:

    1. Shome, Swaha & Lalvani, Mala, 2017. "India’s Burgeoning Food Subsidies: How Much can we Blame the Food Corporation of India?," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 70(3), pages 353-390.

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