AGRICULTURAL GROWTH IN INDIA

From : The Hindu


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Role of Technology, Incentives and Institutions: A. Vaidyanathan; Oxford University Press, YMCA Library Building, Jai Singh Road, New Delhi-110001. Rs. 675.

There have been concerns about the growth, equity, and sustainability of Indian agriculture in the last few decades, particularly in the post-reform period. The annual growth of agriculture in the long term has been around 2.5 per cent. The business-as-usual approach will not help. Significant reforms in the agricultural sector are needed to accelerate growth and achieve equity. In this context, this book, a collection of essays by A. Vaidyanathan, is timely. A leading agricultural economist of the country, he has written extensively on various aspects of Indian farming.
As Vaidyanathan says, there have been serious gaps in an analytical understanding of agricultural growth and its determinants. In an attempt to correct this lacuna, this book examines the trends of agricultural growth in India and provides an in-depth analysis of the role of technology, incentives, and institutions in facilitating this growth. The discussion on technology also covers irrigation and fertilizers, while the one on incentives includes price policy and input subsidies. The chapter on institutions deals with agrarian structure, land and water management, research, infrastructure, marketing, and credit.
Apart from highlighting the deficiencies in all these areas, the author discusses what lies in prospect for Indian agriculture.
Hardly affected





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