Review and Prospects of Indian Wheat and Rice Policies
Within the past 60 years,Indian grain policies have led its wheat and rice industry through the important transition from demand exceeding supply to self-sufficiency with surplus for export.In recent years,due to tremendous cost of government operation and slower growth of grain production and per capita consumption,the Indian government is taking steps to better target grain consumption subsidies to low-income consumers,to decentralize the central government's operation in grain procurement and distribution,and to decrease growth of producer price support.As one of the biggest grain producing and consuming countries in the world,any changes in Indian future grain policies will surely have great impact on global wheat and rice markets.