School of Economics | Agriculture Growth Rate

03 Oct The numbers game: IMD forecast for farmers

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*_The Hindu Editorial _* With the India Meteorological Department getting its monsoon forecast wrong this year, its modelling has necessarily come under the spotlight. In April, the IMD had predicted “near normal”, or 96%, rains and then upgraded the figure to 98% a couple of months...

26 Sep

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Strengthening the agricultural sector Background: Last month, the NITI Aayog released the Three-Year Action Agenda (TYAA) for the government, a roadmap for reforming the various sectors of the economy. Its agenda for the agriculture sector, and how best it can rescue the sector has been discussed in this...

25 Sep Replace Minimum Support Price (MSP) with Price Deficiency Payment (PDP)

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Why do we need MSP? The markets for agriculture inputs and outputs are ‘inefficient’, because of speculation, hoarding and leakages. They result into high input cost and low output price. India farmers have very low resilience to such uncertainties because : Individually, most Indian farmers produce very little...

06 Sep प्रधानमंत्री फसल बीमा योजना (PMFBY) का महत्त्व

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जनवरी, 2016 में प्रधानमंत्री की अध्यक्षता में केन्द्रीय मंत्रीमंडल ने ‘प्रधानमंत्री फसल बीमा योजना’ को मंजूरी दी। इस योजना को ‘खरीफ’ 2016 से लागू किया गया। इसमें प्राकृतिक आपदाओं के कारण खराब हुई फसल के खिलाफ किसानों द्वारा भुगतान की जाने वाली बीमा की किस्तों...

03 Sep The Economy: 70 years after Independence

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C. P. Chandrashekhar The defining feature of the economic programme of independent India’s first government was to accelerate the transition to a modern economy dominated by industry. Agriculture and related activities at that time accounted for around half of GDP and modern industry in the form...