How economically sustainable is food subsidy? The cost could even be double of what the government estimates.

Food prices in the immediate future can be controlled only through large imports. Wheat stocks are adequate but rice stocks are not. There will be a fiscal cost because global prices are above domestic prices, but this will not be above 1 per cent of central government expenditure. This may be the best option since food inflation is now threatening to become generalised.

As part of contribution by the United Nations Development Programme (UNDP) to the ongoing dialogue on the impact of the global financial crisis, present in this collection some

This paper provides an outlook for the Indian economy in the light of the extraordinary global financial crisis, that started in the US, but which has now transformed into the worst economic downturn since the Great Depression. The Indian economy was slowing down even before the onset of global crisis and so the