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Agricultural Prices in a Changing Economy An Empirical Study of Indian Agriculture by Munish Alagh

Agricultural Prices in a Changing Economy An Empirical Study of Indian Agriculture


Agricultural Prices in a Changing Economy An Empirical Study of Indian Agriculture by Munish Alagh

Attempting to answer the question, Is Indian agriculture moving to a market determined economy?, this book demonstrates that, in the last quarter century, as the economy grew faster and liberalized, the nonfood grain sector of Indian agriculture responded to price signals in a decisive manner. Building its arguments on agricultural economics theory and supported with detailed quantitative verification--based on trends of agricultural output and productivity and on farmers' market behavior--this analysis also conducts policy simulations. Academics and policymakers alike will benefit from this discussion.


This is an important publication focusing on the market behavior of the agricultural economy in its distinct phases including the globalization period of the Indian economy. It amply demonstrates the significant role of prices in the more recent period as determinants of supply and demand of agricultural commodities. The policy simulations and forecasts are illuminating. --R. Radhakrishna, chairperson, Madras Institute of Development Studies

About the Author

Munish Alagh is a former professor, with more than 10 years of experience, in the management department of Ahmedabad University. He is the recipient of the CBP Award for the best research paper at Gujarat University.

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Book Info

Publication date

15th January 2012


Munish Alagh

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Academic Foundation


174 pages


Agriculture & related industries



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