The government should revive agriculture by offering subsidies and ensure that those who produce food can also consume what they produce
Himanshu
Profile: Assistant Professor of Economics at Jawaharlal Nehru University and Visiting Fellow, Centre de Sciences Humaines, New Delhi.
Interests: In his spare time he enjoys tracking political developments; loves to follow cricket.
With little breakthrough in terms of technology, chances of production increases are bleak. Nor is the external environment of any help with prices of agricultural commodities expected to remain low because of conditions in the developed countries. But even in our own country, the deceleration in growth rates and the increasing fiscal deficit implies stagnation in demand of agricultural commodities and reduction in subsidies.
(This story appears in the 03 February, 2012 issue of Forbes India. To visit our Archives, click here.)