This paper reviews the potential role for and experience with index based insurance for managing drought risks in agriculture and rural areas in the dry areas of developing countries It argues that while index insurance is not a panacea for risk management, it could make important, market-based...

Using state-level data for 1970-93, a simultaneous equation model was developed to estimate the direct and indirect effects of different types of government expenditure on rural poverty and productivity growth in India. The results show that in order to reduce rural poverty, the Indian...