IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0754.html
   My bibliography  Save this article

India’s National Food Security Bill: Its Budgetary Implications - Il Food Security Bill indiano: implicazioni di bilancio

Author

Listed:
  • Roy, Kartik Chandra

    (Department of Economics, The University of Queensland Brisbane, Queensland)

Abstract

In the light of comments made by economists and other commentators that India cannot afford an additional subsidy payment of Rs. 1247 Billion per year to implement the National Food Security Programme, in this paper an attempt has been made to examine the prudential character of India’s budgetary management to ascertain whether the budgetary management is robust enough to be able to absorb this additional cost to the exchequer without serious attendant monetary and fiscal consequences. Our examination of several features of India’s budgetary as well as of fiscal and monetary trends reveal that the share of Public Sector Borrowing Requirements (PSBR) in India’s GDP rose to a high of 5.2 percent in 2009-10. Measures needed to reduce the size of the current account deficit and that of the revenue deficit have been analysed in this paper. However, results of a number of tests to determine the robustness of India’s budgetary management make a very discouraging reading. - In considerazione dei commenti degli economisti e di altri addetti ai lavori circa l’impossibilità da parte dell’India di sostenere il pagamento di altri 1247 miliardi di rupie all’anno per l’applicazione del programma di sicurezza alimentare nazionale, questo studio individua un orientamento prudenziale nella gestione del bilancio indiano al fine di valutare se è possibile sopportare questo costo addizionale, senza creare serie conseguenze monetarie e fiscali. Abbiamo esaminato diverse caratteristiche del bilancio indiano e delle tendenze monetarie e fiscali e i risultati indicano che la quota del Public Sector Borrowing Requirements del PIL dell’India è salito al 5,2% nel periodo 2009-2010. Abbiamo anche analizzato le misure necessarie per ridurre il deficit di parte corrente e il deficit totale. I risultati dei numerosi test effettuati per accertare la robustezza della gestione di bilancio dell’India sono molto scoraggianti.

Suggested Citation

  • Roy, Kartik Chandra, 2015. "India’s National Food Security Bill: Its Budgetary Implications - Il Food Security Bill indiano: implicazioni di bilancio," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 68(2), pages 259-273.
    • Handle: RePEc:ris:ecoint:0754
    as

    Download full text from publisher

    File URL: http://www.iei1946.it/RePEc/ccg/ROY%20259_273.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kartik Roy & Hans Blomqvist & Cal Clark, 2012. "Economic Development in China, India and East Asia," Books, Edward Elgar Publishing, number 13028.
    2. Roy, Kartik Chandra, 1991. "Public Sector Performance and Managerial Ef¬ficiency under Planned Development: India’s Experience," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 44(2-3), pages 254-268.
    3. World Bank, 2014. "World Development Indicators 2014," World Bank Publications - Books, The World Bank Group, number 18237.
    4. World Bank, 2012. "World Development Indicators 2012," World Bank Publications - Books, The World Bank Group, number 6014.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. BADALYAN, Gohar & HERZFELD, Thomas & RAJCANIOVA, Miroslava, 2014. "Transport Infrastructure And Economic Growth: Panel Data Approach For Armenia, Georgia And Turkey," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(2), pages 1-10, October.
    2. Grohmann, Antonia & Klühs, Theres & Menkhoff, Lukas, 2018. "Does financial literacy improve financial inclusion? Cross country evidence," World Development, Elsevier, vol. 111(C), pages 84-96.
    3. Nathaniel P Springer & Kelly Garbach & Kathleen Guillozet & Van R Haden & Prashant Hedao & Allan D Hollander & Patrick R Huber & Christina Ingersoll & Megan Langner & Genevieve Lipari & Yaser Mohammad, 2015. "Sustainable Sourcing of Global Agricultural Raw Materials: Assessing Gaps in Key Impact and Vulnerability Issues and Indicators," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-22, June.
    4. Christian Bjørnskov & Jacob Mchangama, 2019. "Do Social Rights Affect Social Outcomes?," American Journal of Political Science, John Wiley & Sons, vol. 63(2), pages 452-466, April.
    5. Axel Dreher & Merle Kreibaum, 2016. "Weapons of choice," Journal of Peace Research, Peace Research Institute Oslo, vol. 53(4), pages 539-553, July.
    6. Mert Topcu & Bulent Altay, 2017. "New Insight into the Finance-Energy Nexus: Disaggregated Evidence from Turkish Sectors," IJFS, MDPI, vol. 5(1), pages 1-16, January.
    7. Lumengo Bonga-Bonga, 2017. "Assessing the readiness of the BRICS grouping for mutually beneficial financial integration," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 204-219, November.
    8. Martins Iyoboyi & Olarinde Muftau O & Abdulsalam S. Ademola, 2016. "The Institutional and Policy Environment and the Quest for Industrialization in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 8(2), pages 13-25.
    9. Kuhn, Michael & Prettner, Klaus, 2016. "Growth and welfare effects of health care in knowledge-based economies," Journal of Health Economics, Elsevier, vol. 46(C), pages 100-119.
    10. Ikechukwu D Nwaka & Kalu E Uma & Gulcay Tuna, 2015. "Trade openness and unemployment: Empirical evidence for Nigeria," The Economic and Labour Relations Review, , vol. 26(1), pages 117-136, March.
    11. Amarasinghe, Upali A. & Smakhtin, Vladimir, 2014. "Global water demand projections: past, present and future," IWMI Reports 201006, International Water Management Institute.
    12. Ziyad Taleb & Raed Bahelah & Fouad Fouad & Adam Coutts & Meredith Wilcox & Wasim Maziak, 2015. "Syria: health in a country undergoing tragic transition," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 60(1), pages 63-72, January.
    13. repec:aer:wpaper:376 is not listed on IDEAS
    14. Tikiri Nimal Herath, 2015. "The Role of the State in Alleviation of Poverty in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(2), pages 257-277, September.
    15. Daniel Munevar & Marcos Jorge Teixeira Reis, 2015. "A New proposal for the Bank of South," Documentos de Trabajo CEPROEC 2015_08, Instituto de Altos Estudios Nacionales, Centro de Prospectiva Estratégica.
    16. Melloul Anass & Chaik Saif Eddine & Oujgha Reda, 2017. "Empirical Analysis of Islamic Banking and Economic Growth," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 89-102, March.
    17. Peter Collignon & Prema-chandra Athukorala & Sanjaya Senanayake & Fahad Khan, 2015. "Antimicrobial Resistance: The Major Contribution of Poor Governance and Corruption to This Growing Problem," PLOS ONE, Public Library of Science, vol. 10(3), pages 1-13, March.
    18. González-Mejía, Alejandra M. & Ma, Xin (Cissy), 2017. "The Emergy Perspective of Sustainable Trends in Puerto Rico From 1960 to 2013," Ecological Economics, Elsevier, vol. 133(C), pages 11-22.
    19. Gabriel POPESCU & Dan BOBOC & Mirela STOIAN & Alina ZAHARIA & Georgiana Raluca LADARU, 2017. "A Cross-Sectional Study of Sustainability Assessment," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 51(1), pages 21-36.
    20. Mekonnen, Tigist, 2017. "Productivity and household welfare impact of technology adoption: Micro-level evidence from rural Ethiopia," MERIT Working Papers 2017-007, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    21. Parlow, Anton, 2014. "Environmental Pressure and Armed Conflict - Is there an empirical Kuznets Curve for Myanmar?," MPRA Paper 55828, University Library of Munich, Germany.

    More about this item

    Keywords

    National Food Security; Herd Mentality; Federal Budget; Revenue Deficit; Operational Deficit; Primary Balance; Real Interest Rate; Corporate Saving and Investment; Price Index; Subsidy and Prudentiality Test;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0754. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Angela Procopio (email available below). General contact details of provider: https://edirc.repec.org/data/cacogit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.