Post-reform India has seen a decline in agricultural growth as well as supply–demand imbalance and rising prices. This book presents a comprehensive analysis of domestic and international prices and trade since 1980–81, covering the past quarter of a century. Backed with rich data, it provides comparisons between the pre- and post-liberalisation policies and their effect on farm profitability, domestic prices and prices variability, and examines their possible role in determining the trajectory of agricultural growth since 1991. The book will appeal to students, scholars and researchers of agriculture studies, economics, finance, and development studies, as well as policy makers and agriculture experts.

Contributed articles on economic aspects of agriculture in India.

China and India are the most extraordinary economic success stories of the developing world. Both nations’ economies have grown dramatically over the past few decades, elevating them from two of the world’s poorest countries into projected economic superpowers. As a result, the numbers of Chinese and Indians living in poverty have rapidly fallen and per capita incomes in China and India have quadrupled and doubled, respectively. This book investigates the reasons for these staggering accomplishments and the lessons that can be applied both to other developing nations and to the problem of poverty that remains in these two countries. The contributors pay particular attention to agriculture and the rural economy, examining how initial conditions and investments and the prioritization and sequencing of different policies and strategies have led to successes, and how the agricultural and rural sectors connect to overall economic expansion. They also emphasize the importance of anti-poverty programs and safety nets in helping poor people escape poverty. The book offers a set of policy and strategic options for future growth and poverty reduction. These include setting the right priorities for public spending, identifying trade and market reforms, building social safety nets for the poorest of the poor, and building accountable institutions that can provide public goods and services effectively. The book concludes by examining future challenges to China and India’s economic development, such as the need to ensure growth that is sustainable, equitable, and environmentally friendly. The Dragon and the Elephant offers valuable insights to development specialists anxious to multiply the benefits experienced by two of the greatest economic successes in recent times.

A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced growth. This important new book gauges how far India has been successful in achieving this goal by implementing the correct economic reform measures. There is a severe lack of solid analytical evidence or rigorous scientific studies on the success of India's economic reforms. The expert authors attempt to redress this imbalance with a thorough analysis of key aspects of the state of the Indian economy since 1991. Keeping poverty reduction as the major objective, they comprehensively discuss and identify further reform measures which are vital in the monetary, fiscal and agriculture sectors in order to maintain and improve the momentum of growth. When compared with East Asian countries including China, India's lacklustre growth performance indicates that the task of reform is far from over. The authors argue that India needs to pursue its reform process much more vigorously at both the central and state levels in order to achieve its full growth potential. Providing a comprehensive assessment of the impact of economic reforms in India, this book will appeal to policymakers, researchers and students with an interest in developing economies. Political scientists as well as economists in the fields of liberalisation and international development will also find this an engaging and enlightening volume.

Post-reform India has seen a decline in agricultural growth as well as supply–demand imbalance and rising prices. This book presents a comprehensive analysis of domestic and international prices and trade since 1980–81, covering the past quarter of a century. Backed with rich data, it provides comparisons between the pre- and post-liberalisation policies and their effect on farm profitability, domestic prices and prices variability, and examines their possible role in determining the trajectory of agricultural growth since 1991. The book will appeal to students, scholars and researchers of agriculture studies, economics, finance, and development studies, as well as policy makers and agriculture experts.

He Author Explores The Growth And Equity Consequences Of India`S Economic Reforms. In The Context Of The Agricultural Sector And The Rural Economy, He Identifies Investment In Infrastructure, Expanding Of Institutional Credit And Removal Of Restrictionson Domestic Trade As Key Factors For Increasing Agricultural Growth In Order To Sustain Reforms.

The links between trade-related policy reforms and food security is of key concern to many developing countries. This publication sets out the findings of 15 country case studies from Cameroon, Chile, China, Ghana, Guatemala, Guyana, India, Kenya, Malawi, Morocco, Nigeria, Peru, Senegal, Tanzania and Uganda. The coverage includes countries at different stages of development with the main focus on low-income countries that are likely to be at greater risk of food insecurity. The studies examine the impact of trade-related policy reforms on agricultural prices, production and trade, and the consequences for food security issues for each country.