An Analysis of the Impact of Minimum Support Price Policy on Area, Yield and Production of Paddy and Wheat Crops in India

Abstract

The present study seeks to find out the correlations between minimum support prices and area, yield and production of paddy and wheat crops in India. The study is pertained to the whole of the India and covers the period ranging from 1993-94 to 2022-23. The data have been collected from Handbook of Statistics on Indian Economy published by RBI. The analysis tools and techniques used in the study include correlation analysis to determine the relationship between MSP and area under cultivation, production, and productivity of paddy and wheat crops.  The Statistical software SPSS has been used to calculate the coefficient of correlation between the selected variables.