This Is A Thematically Arranged And Presented Together At One Source One Of India`S Most Distinguished Economist C.H. Hanumantha Rao`S Less Accessible Although Academically Most Relevant Writings.

Chennamaneni H. Hanumantha Rao, b. 1929, Indian economist; revised version of papers presented at a seminar held at Hyderabad, during 16-17 November 2004.

Population explosions have always pushed India into many deep-rooted socio-economic bottlenecks. India is home to one third of the globe’s poverty-ridden and hunger-prone population, despite the undoubted availability of and access to food grains. This study explores the causes of and solutions to the prevalence of hunger and malnutrition at the grassroots level. Although India’s spending on protecting its boundaries has increased massively, there does not seem to have been as much emphasis on protecting its citizens. There can be no doubt that food security involves the simultaneous growth in demand and supply of food grains. As such, the book analyses the supply-side background behind the accomplishment of food security. It explores the nature, prospects and challenges ahead for Indian agriculture. Food grain production can be enhanced on a par with increasing demand only when hurdles confronting agriculture are addressed.

This book provides a blueprint for the allocation of public expenditures “in” and “for” agriculture at the dis-aggregated state level and suggests a reorientation in favour of disadvantaged regions where the marginal returns on additional investments would be higher. It provides insights into the inter-linkages between public expenditures, private investment, rural poverty, and agriculture productivity from a regional perspective to reflect upon spatial differences in the welfare effects of various investments, subsidies, and policies. The book focuses on agricultural growth and rural poverty reduction through public and private investments, non-farm employment, and other pathways to the formulation of appropriate policies at the dis-aggregated state level. It presents new evidence based on advanced econometric tools for analysing and understanding the relationship between public and private investments in agriculture and input subsidies (fertilizer, power, irrigation, and credit) together with their impacts at the dis-aggregated state level. The book also deliberates on an income based direct support system for farmers as an alternative to the existing input price subsidy regime. Accordingly, the book offers valuable insights not only for researchers working on poverty alleviation, rural economy, and agricultural growth, but also for policymakers.

Publisher description

Revised annually, this collection of articles by India's topmost economists and experts presents a comprehensive and critical analysis of the country's economy since its independence in 1947.

Providing a basic understanding of India's economy, this guide addresses topics such as growth, policy regime changes, unemployment, macroeconomic stabilization, agriculture, and development prospects.