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The Impact of the Price Rise in Petroleum Based Agricultural Inputs on the Production of Wheat and Rice in India

A Study Prepared for the Commonwealth Secretariat by the National Council of Applied Economic Research, New Delhi

image of The Impact of the Price Rise in Petroleum Based Agricultural Inputs on the Production of Wheat and Rice in India

English

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Introduction

The recent sharp rise in the price of petroleum and its products has imposed heavy burdens on the Indian economy. Domestic production of 8 million tonnes of crude oil in 1974-75 met just a third of the total requirement of 23 million tonnes. The balance of 15 million tonnes was imported at prices ranging between $10.42 and $10.67 per barrel.

English

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