Assignment

* Answer any two questions.

* Answer each question in about 500 words. Answers which fall

significantly below the word limit or significantly above the word
limit will be penalised.

* Only soft copies will be accepted.

* Plagiarism will be heavily penalised. Students will get a zero if the

Similarity Index (SI) is more than 20 percent. (There’s a software
which I use to detect Plagiarism called ‘turnitin’).

* Submission date: 11-04-2019 (Before midnight)

* All the Best

Question Number 1:- “ despite the slowdown in the agricultural sector and
higher increases in the cost of food production during the post-economic
reforms period (1992–2013), food prices were relatively low compared to
the initial (1967–80) and the maturing (1980–92) stages of the Green
Revolution.” What explains relatively stable agriculture prices in the
post economic-reform period? (Agrarian Performance and Food Price
Inflation in India; Pre and Post-Economic Liberalisation by Shantanu Nair
and Leena Mary Eapen)

Question Number 2:- ‘the (agriculture) sector limped from one

intervention to another, which were only marginal in nature and did not
add up to a cohesive reform agenda for the sector.’ Discuss this
statement in light of the article ’25 years of policy tinkering in
Agriculture’ by Ashok Gulati and Shweta Saini.

Question Number 3:- Services sector has played an important role in

India’s economic growth, particularly after the economic reforms of 1991.
Keeping this statement in mind, what are the changes that have happened
in the services sector during this period of high growth? Is the services
led growth sustainable? (Services Led growth by Rupa Chanda)
 Indian Economy-II
Assignment

1. “Despite the slowdown in the agricultural sector and higher increases in

the cost of food production during the post economic reform period
(1992-2013) , food prices were relatively low compared to the initial
(1967-80) and maturing (1980-92) stages of the Green Revolution.”
What explains relatively stable agricultural prices in the post economic
reform period?

Throwing light on the above statement, it is argued that food prices

were relatively low due to more stable agricultural growth post 1991-
92, higher buffer food stocks, greater coverage of the public distribution
system, and better responses to food price fluctuations due to
import/trade liberalization and a more comfortable foreign exchange
reserves position.
To explain this, we will have to understand the food price trends and
low price inflation during post ER period-

 More Stable Food Production: One of the most striking features

of India’s agrarian performance during the post ER period was
growth of agricultural output and GDP, though lower, was more
stable.

Name: Yugaastha Saxena

Roll No.- 468
Course: B.A (Hons) Economics