Macro/Finance Group, NIPFP

The agricultural markets in India suer from high price volatility. When food prices are high, consumers protest and in the years when food prices are low, farmers are in distress and demand loan waivers. Four policy pathways address this issue: storage, national trade, international trade and futures trading. We argue that the Constitution imposes an obligation upon the Union government to achieve a national market. We work out an implementable set of steps through which the Union government can obtain a national market for agricultural produce.

Links

• Paper

Press

• Diagnosing and overcoming sustained food price volatility: Enabling a National Market for Food by Anirudh Burman, Ila Patnaik, Shubho Roy, Ajay Shah on Ajay Shah's blog, 6^th August 2018.