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India's political economy responses to the global food price shock of 2007-08: Learning some lessons

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  • Ashok Gulati
  • Shweta Saini

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.

Suggested Citation

  • Ashok Gulati & Shweta Saini, 2015. "India's political economy responses to the global food price shock of 2007-08: Learning some lessons," WIDER Working Paper Series wp-2015-120, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2015-120
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    References listed on IDEAS

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    1. Olinto, Pedro & Beegle, Kathleen & Sobrado, Carlos & Uematsu, Hiroki, 2013. "The State of the Poor: Where Are The Poor, Where Is Extreme Poverty Harder to End, and What Is the Current Profile of the World’s Poor?," World Bank - Economic Premise, The World Bank, issue 125, pages 1-8, October.
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    5. Kalkuhl, Matthias & von Braun, Joachim & Torero, Maximo, 2016. "Food Price Volatility and Its Implications for Food Security and Policy," MPRA Paper 72164, University Library of Munich, Germany.
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    8. Shweta Saini & Ashok Gulati, 2015. "The National Food Security Act (NFSA) 2013 - Challenges, Buffer Stocking and the Way Forward," Working Papers id:6672, eSocialSciences.
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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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