Economics of India’s agricultural domestic and international prices during WTO regime: signals and policies

Prices play a great role in living economics. act as signals for shortages and surpluses which help government, firms, consumers to respond changing market conditions. The study was conducted at NAARM, Hyderabad. period from 1990–91 2018–19. Trends, growth rates, terms of trade, instability, elasticities, domestic international agriculture price analysis were employed achieving objectives. An increasing trend MSP has been found India’s major agricultural crops. Minimum Support Price (MSP) rate pulses more than cereals oilseeds. WPI pulse crops greater the cereal oilseed except sorghum. variation commodities India stable sunflower. Consumer food index shown or less linear trends. It indicates Government monitoring prices stable. inexport rice sunflower import sorghum that comparative advantage rice, gram, groundnut soybean markets. export elasticities wheat, groundnut, observed be marginally higher their elasticities. findings can useful government designing fixing mechanism monetary policy, distortion control inflation