Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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Impact of National Food Security Act on Indian Economy:Application of Modified Leontief and Ghosh Models


Affiliations
1 Department of Economics, Jadavpur University, Kolkata, India
2 Indian Chamber of Commerce, Prakriti Abasan, Flat No. A 32, 343, Garia Gardens, Kolkata 700084, West Bengal, India
3 Department of Natural Resource Sciences, Agricultural Economics Program, McGill University, Macdonald Campus, 21,111 Lakeshore Road, SteAnne de Bellevue, Montreal, Quebec H9X3V9, Canada
     

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The Government of India has enacted National Food Security Act, 2013 (NFSA). This paper measures the impact of implementing this Act on production structure of the economy. It applies modified Leontief and Ghosh models in Input-Output framework. A price model was also attempted to see the impact on sectoral prices. Results reveal that few sectors need to move in tandem to keep balance with food grain production. Overall, the country needs to gear up in terms of food grain productivity, otherwise NFSA must be supplemented by import which would entail a heavy burden on the exchequer.
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  • Impact of National Food Security Act on Indian Economy:Application of Modified Leontief and Ghosh Models

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Authors

Debesh Chakraborty
Department of Economics, Jadavpur University, Kolkata, India
Priyam Sengupta
Indian Chamber of Commerce, Prakriti Abasan, Flat No. A 32, 343, Garia Gardens, Kolkata 700084, West Bengal, India
Kakali Mukhopadhyay
Department of Natural Resource Sciences, Agricultural Economics Program, McGill University, Macdonald Campus, 21,111 Lakeshore Road, SteAnne de Bellevue, Montreal, Quebec H9X3V9, Canada

Abstract


The Government of India has enacted National Food Security Act, 2013 (NFSA). This paper measures the impact of implementing this Act on production structure of the economy. It applies modified Leontief and Ghosh models in Input-Output framework. A price model was also attempted to see the impact on sectoral prices. Results reveal that few sectors need to move in tandem to keep balance with food grain production. Overall, the country needs to gear up in terms of food grain productivity, otherwise NFSA must be supplemented by import which would entail a heavy burden on the exchequer.


DOI: https://doi.org/10.21648/arthavij%2F2014%2Fv56%2Fi1%2F111256