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Research Paper

Food Price Inflation in India: Causes and Cures

Publisher: IEG

Food demand in India is estimated by categories (cereals, vegetables, fruits, dairy products, meats, etc.) using the ARDL co-integration procedure using consumption data from the Food and Agricultural Organization (FAO) for 1967 onwards. We then project food demand in India until 2022 using our estimated relations. Our analysis shows that the structure of demand by food category is in the process of undergoing significant changes with rising income levels, and that the demand for fruits, vegetable, cooking oils, dairy products, and meat will increase by 60–75 per cent over the next 10 years, while demand for cereals will increase only 10 per cent, and that for pulses will decline slightly.

Author(s): Pradeep Agrawal, Durairaj Kumarasamy | Views(19) | Download (5)

  
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