ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Versailles Summit-Little Cheer for the Poor

different. In the first half of the 1970s, rice provided the bulk of the foodgrain output increase with the green-revolution spreading to nee for the first time; in the second half of the 1970s and particularly in the last; three years, rice output has grown little and wheat has been the principal source of increase in food output. This suggests the third important point. While it is true that the fertiliser price rise has reduced the growth rate of fertiliser consumption, it is nevertheless also true that fertiliser consumption has increased in absolute ferine Moreover, irrigation and! use of HYVs have also increased. Yet, it appears that rice yields are not responding. This suggests that there are limits to returns from the current seed-fertiliser technology. In such a situation, relying only on price incentives does not make much sense.

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