Open AccessFuturistic projection of selected commodities in India
Author(s) -
P. P. Wani,
N. V. Shende,
R. D. Vaidkar
Publication year - 2022
Publication title -
international journal of agricultural sciences/international journal of agricultural sciences
Language(s) - English
Resource type - Journals
eISSN - 0976-5670
pISSN - 0973-130X
DOI - 10.15740/has/ijas/18.1/347-352
Subject(s) - economics , supply and demand , elasticity (physics) , total factor productivity , agricultural economics , marginal product , price elasticity of demand , production (economics) , productivity , microeconomics , macroeconomics , materials science , composite material
This study has estimated the factor demand and output supply elasticity’s for major food crops in India. The elasticity’s have provided insights on the responsiveness of output supply and factor demand to changes in product and factor prices. The estimates have been used to make supply projections of selected commodities to 2030.The study observes that Demand for rice and wheat will be met with their domestic production in the coming years, may be with a marginal Surplus/deficit under the scenarios of with or without total factor productivity growth. Total Pulses, would be short in supply of demand in the coming years.