Effective Aggregate Support to Indian Agriculture

Atri Mukherjee, Suganthi D., Rishabh Kumar and Priyanka Bajaj

MPRA Paper from University Library of Munich, Germany

Abstract: To assess the aggregate level of public policy support to Indian agriculture, this paper puts together different support measures extended by central and state governments and classifies those under three categories, namely, subsidies, public investment and green box support. The aggregate support, combining all three components, remains sizeable at about 22.4 per cent of agriculture gross value added (agri-GVA) in 2020-21. There is a distinct shift in the composition, away from input subsidies and in favour of green box support, which includes direct transfer to supplement farmers' income. The effective aggregate support index constructed after assigning different weights to the three components as per their impact on agricultural growth highlights the need for greater public-sector investment to enhance the effectiveness of aggregate support for the farm sector.

Keywords: Agriculture; Agricultural trade; Agricultural Policy; Subsidy; public investment; green box support; index (search for similar items in EconPapers)
JEL-codes: C43 H2 Q1 Q14 Q17 Q18 (search for similar items in EconPapers)
Date: 2023-08-17
New Economics Papers: this item is included in nep-agr
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