A recent ICRIER-OECD study (2018) has found that Indian farmers are being net taxed, which is captured through negative Producer Support Estimate (PSE). This book recognises this negative PSE, but focuses on rising input subsidies, be it fertilisers, power, irrigation, credit, insurance, etc., and also looks at the investments in agriculture, especially public investments. It notes with concern that public investment has been declining, while input subsidies are rising in Indian agriculture. But, marginal returns of investments on agricultural growth and poverty alleviation are much higher than that of input subsidies. Based on the analyses and review of policies, the book recommends how to rationalise subsidies that can help India to achieve higher agri-GDP growth, faster poverty reduction while ensuring judicious use of precious resources like soil and water. The volume will be valuable for those who wish to study agricultural policy developments and their implications for academic research or policy-making purposes.
From the Foreword:
Based on the analyses and review of policies, the book recommends a set of policies that can hopefully help India to achieve higher agri-GDP growth, faster poverty reduction while ensuring judicious use of precious resources like soil and water.
— Rajat Kathuria, Director and Chief Executive, ICRIER.
Ashok Gulati is currently Infosys Chair Professor for Agriculture at the Indian Council for Research on International Economic Relations (ICRIER). He is an eminent Indian agricultural economist and a former Chairman of the Commission for Agricultural Costs and Prices (CACP), Government of India (2011-2014). He is a member of the Central Board of Directors in the Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD). Dr Gulati has been deeply involved in policy analysis and advice in India. Prof Gulati has 14 books to his credit on Indian and Asian agriculture, besides numerous research papers in national and international journals. He has been a prolific writer in leading newspapers in India. He has done his MA and PhD from Delhi School of Economics.
Marco Ferroni is an expert in international agriculture, sustainable development and the geopolitics of food. From 2007 to 2017, he was Chief Executive of the Syngenta Foundation for Sustainable Agriculture. He chairs the CGIAR’s System Management Board, held managerial and senior advisory positions at the Inter-American Development Bank and the World Bank in Washington DC. He has a doctorate in agricultural economics from Cornell University and recently completed terms as an Adjunct Professor in agriculture and environmental sciences at McGill University.
Yuan Zhou is the Head of Research and Policy Analysis at the Syngenta Foundation for Sustainable Agriculture. Before joining the Foundation, Yuan was an economist at the Swiss Federal Institute of Aquatic Science and Technology (EAWAG), working on water and environmental policies, integrated analysis of water/food/ environment relations, and rural development issues. Yuan holds a PhD in Environmental Economics from the University of Hamburg.