Q.3 India faces the challenge of high food prices. Examine the ways in which high food prices affect the overall economy. How far is India’s agriculture policy responsible for the problem? (10 Marks)

Mentor’s comment- https://www.thehindu.com/opinion/op-ed/the-price-of-food-must-figure-in-the-policy/article37963394.ece In the intro, mention the high share of food in households budget in India. In the body, mention implications of high food prices such as triggering economic insecurity, crowding out expenditure on other items, affect on manufacturing sector etc. In the next part mention how agriculture policy in the form of MSP … Continue reading Q.3 India faces the challenge of high food prices. Examine the ways in which high food prices affect the overall economy. How far is India’s agriculture policy responsible for the problem? (10 Marks)