Impact of assistance under P.L. 480 on Indian economy 1956–1970

Research output: Contribution to journalArticle


In a developing country a crisis of “food gap” cannot be ruled out because of the aggregate demand of such an economy has a tendency to increase on one hand and the elasticity of supply is low on the other1 There has been a substantial increase in the population of many developing countries since the 1950s and the food production has failed to keep pace with demand.2 One bad harvest in a region could mean food shortage. Bad harvest in two consecutive years could mean disaster. Indian case has to be seen against the background sketched here.


Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Economic History
Original languageEnglish
Pages (from-to)23-40
Number of pages17
JournalEconomy & History
Issue number1
Publication statusPublished - 1977
Publication categoryResearch