How to reduce our rotting mountains of grain

India’s GDP growth has almost halved from 9.2% in 2010-11 to 5% in 2012-12. Major problems include a high current account deficit, high fiscal deficit, and lack of bank credit for small and medium enterprises. All three problems can be mitigated substantially by one single measure — reducing excess food stocks. So say Ashok Gulati and Surabhi Jain, chairman and joint director respectively of the Commission for Agricultural Prices and Costs, in a recent paper titled “Buffer Stocking Policy in the wake of National Food Security Bill.”

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