Table of Contents

ABSTRACT

The torments encountered by Indian households in the episodes of high food prices are untenable. This study endeavors to broaden the assessment of food inflation in India, departing from the conventional analyses that primarily focus on the determinants of inflation and the evaluation of fiscal and monetary policies. The study examines food inflation from 2006 to 2016, primarily through the lens of a supply-side phenomenon, and critically evaluates the role of public spending on various supply-side factors. It was found that public expenditure on production enhancement and food management could have been more active, and the government resorted to unsustainable interventions to address structural problems in the agricultural sector, like heavy subsidies for food and fertilizers, which resulted in high deficit figures. The study proposes a deviation from conventional methods by exploring the potential of stem cell therapy as a conceptual framework to guide public spending policies in the agricultural sector and food management systems. This innovative approach is anticipated to yield positive impacts on the supply-side factors that drive food inflation, thereby mitigating the severe economic burdens faced by Indian households during periods of escalating food prices.

Keywords: food inflation, public spending, supply-side factors, agricultural production, stem cell therapy