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India and China are two similar developing countries with huge populations, rapid economic growth and limited natural resources, therefore facing the massive pressure of ensuring food security. In this paper, we will discuss the food security situations in these two countries by studying the historical changes of food supply-demand balance with the concept of agricultural land requirements for food (LRF) from 1963–2009. LRF of a country is a function of population, per capita consumption/diet, cropping yield and cropping intensity. We have attempted to discuss and compare our results in a framework which links consumption of different groups of food items to diet patterns; then, to the total land requirement for food in a scenario when population is growing rapidly and diet diversification and urbanization due to economic reform impose excessive pressure on food security of both countries. We also elaborate on the role of technology dissemination and critically analyze the achievements and drawbacks of government policies to ensure food self-sufficiency and food security of nations. Our results show that the total LRF increases approximately by 42% and 40%, whereas per capita LRF decreases significantly by about 48% and 30% from 1963–2009, for India and China, respectively. Furthermore, our studies reveal that population growth dominates most of the increase in total LRF for India; whereas diet pattern change induced by income growth drives the major increase in LRF for China. Therefore, sustainable management of agricultural land resource is an urgent need both for India and China as there will be demand for more food to meet the diet requirement for the entire population. We also demonstrate the role of India and China in future global food security programs and the challenges to implement the new land reform policies domestically.