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India's Political Economy Responses to Global Food Price Shock of 2007-08: Learning Some Lessons

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  • Gulati, Ashok
  • Saini, Shweta

Abstract

India's policy responses to the food price crisis were strong. Exports of basic staples were banned. Domestic support prices of wheat and rice were raised substantially. The urea price increases in global markets were absorbed through enhanced fertilizer subsidies. The government launched the National Food Security Mission in 2007-08 with an objective to raise grain production by 20 MMT over the subsequent five years.
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Suggested Citation

  • Gulati, Ashok & Saini, Shweta, 2015. "India's Political Economy Responses to Global Food Price Shock of 2007-08: Learning Some Lessons," 2015 Conference, August 9-14, 2015, Milan, Italy 212713, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae15:212713
    DOI: 10.22004/ag.econ.212713
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    Cited by:

    1. Tripathi, Ashutosh K. & Mishra, Ashok K., 2023. "Effect of public stockholding on wheat price dynamics in India: A quantile autoregression approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 68(01), September.

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