Citation

Chand R, Raju SS, Pandey LM. Indian Journal of Agricultural Economics 2010; 65(3): 487-496.

Copyright

(Copyright © 2010)

DOI

unavailable

PMID

unavailable

Abstract

The increase in food prices during 2007-08 caused much more adverse effect on the developing countries, compared to developed countries, due to the high share of food in total consumer expenditure and due to already existing vulnerabilities like hunger and malnutrition in the former. The global financial crisis started impacting the Western economies in the third quarter of year 2007. In India till mid 2008 it was perceived as a problem of rich countries and it was widely felt that India was decoupled from the slowdown in advanced economies. The level of fertilizer use, seed supply, credit supply, public and private investments and agriculture prices, all of which are known to have a positive effect on the agricultural output show improvement during 2008-09 over 2007-08. The trend in the suicide rate of members of the farming community is considered an important indicator of agrarian distress.

Language: en

Keywords

India; financial crisis; vulnerability; agricultural economics; developing world; agricultural finance; agricultural price