The Political Economy of Food Price Policy: the Case Study of India

Kavery Ganguly and Ashok Gulati

No wp-2013-034, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: India did not experience any food price spikes during 2007-08 when global food prices erupted. It was partly due to India's ban on exports of wheat and common rice. But the fiscal stimulus that the government provided in 2009 in the wake of G8 countries' call to avert economic recession, coupled with one of the worst droughts India experienced in that year, led to rising food prices in India since mid-2009. Food price inflation has hovered between 8-12 per cent per annum since then.

Keywords: Agriculture; Food security; Inflation; Macroeconomics; Prices (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (21)

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