Author: Ashok Gulati
Publisher: Oxford University Press
ISBN/UPC (if available): 0 19 5662067
The debate over agricultural subsidies has been thrust to the forefront of discussions on India’s economic reforms with the signing of Uruguay Round Agreement, now devolving on the WTO. This book examines the issue from various angles in order to move the reform process forward.
It provides a detailed discussion of:
The constituents of agricultural subsidies
India’s stand regarding support to agriculture
The magnitude of product specific and non-product specific support
Temporal behavior and spatial spread of input subsidies
The relative importance of fertilizer, power, and canal subsidies
The real beneficiaries and those who would actually bear the burden of adjustment
Consequences of phasing out subsidies, and
Price and institutional reforms and lessons for India
The authors suggest policy measures to ensure efficiency in the use of resources, equity in the distribution of gains, and environmental sustainability in agricultural operations.
The book will be immensely valuable to policy-makers, planners, researchers, and analysts in organizations such as the WTO and the World Bank.
List of Tables and Figures
List of Abbreviations
Scope of the Study
India in a Global Setting
Input Subsidy and Its Implications for Policy