Prabhat
Patnaik explains the paradoxical emergence of excess
supply of foodgrains in the neoliberal era despite
lower foodgrain growth and higher GDP growth. This
reflects squeezed real incomes of the agriculture-dependent
population, because of falling agricultural output
growth rates and declinesin real purchasing power
per unit of output.
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This
article was originally published in The
People's Democracy on May 12, 2019.
