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Paper

Challenges of Food Security in India: Role of Food Policy and Technology

Publisher: Indian Journal of Agricultural Economics

Technology and policy move hand in hand to bring about the desired change in any economic activity. While technology shifts the production surface upward, policy is used by the State to create an enabling environment for promoting the adoption of technology and further innovations to achieve the bigger goal of social welfare. Food policy in India evolved from the era of food scarcity in the country during the 1950s and early 1960s, and included agricultural price and marketing policy, technology generation and dissemination mechanism, agricultural trade and input delivery, besides development of irrigation and availability of adequate institutional credit at concessional rates. Assuming imperfection of the domestic agricultural markets, agricultural price policy had the twin objectives of providing remunerative prices to the farmers to produce enough foodgrains and ensure availability of such grains to the consumers at reasonable prices. The major instruments of the policy were the minimum support prices, procurement of the grains for maintaining buffer stocks and distribution of the subsidised grains through the public distribution system (PDS), and subsidies on production inputs such as fertilisers, in addition to the setting up of agricultural universities and massive public investments in major and medium irrigation structures.

Author(s): Karam Singh | Views(311) | Download (188)

  
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