Thursday 5th December 2013, 3pm to 4pm, Room TW2.10.01B, Tower 2, LSE
Speaker: Mamata Swain
Chair: Ruth Kattumuri
In India, agriculture is inherently a risky venture due to uncertainty in production and volatility in price, and more so in the context of increased climatic aberrations and globalisation. Therefore, there is a great need for crop insurance to provide economic support to farmers, stabilise farm income, induce farmers to invest in agriculture, reduce indebtedness and decrease the need for relief measures in the event of crop failure. Dr Swain critically analyses the two important crop insurance schemes currently under implementation in India namely the National Agricultural Insurance Scheme (an area based crop yield insurance scheme) and the pilot Weather Based Crop Insurance Scheme (WBCIS) (an area based rainfall insurance scheme). Dr Swain contends that in the context of climate change with increasing agricultural risk, there is a need to redesign insurance products not merely as a risk transfer mechanism but as a potent device to reduce risk and crop loss by inducing desirable proactive and reactive responses in insurance users.
Dr Mamata Swain is currently a Visiting Commonwealth Fellow at the LSE Asia Research Centre. She is Dean, School of Social Sciences and Professor of Economics at Ravenshaw University, Odisha, India.
Dr Ruth Kattumuri is Co-Director at the LSE India Observatory and Asia Research Centre.
This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email firstname.lastname@example.org or call 020 7955 7615.