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

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Consumption Disparities, Food Surpluses and Effective Demand Failures-Reflections on Macroeconomics of Drought Vulnerability

Consumption Disparities, Food Surpluses and Effective Demand Failures Reflections on Macroeconomics of Drought Vulnerability B Gopalakrishna Kumar Beginning with the issue of increasing vulnerability to drought in India, this paper attempts to inquire into the underlying reasons for this trend. The following crucial elements of an explanation are identified: (1) evidence of low consumption levels, (2) signs of an accentuation of inter-regional inequalities and particularly disparities in agricultural incomes, and (3) increases in the overall savings rate and changes in the composition of savings and asset holdings in rural areas.

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