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LATEST NEWS UPDATES | Economic Reforms and Agricultural Growth in India -Shantanu De Roy

Economic Reforms and Agricultural Growth in India -Shantanu De Roy

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published Published on Mar 8, 2017   modified Modified on Mar 8, 2017
-Economic and Political Weekly

Shantanu De Roy (shantanudr2004@gmail.com) teaches at the Department of Policy Studies, TERI University, New Delhi.

It was argued that economic liberalisation would ensure a favourable shift in the terms of trade for agriculture in India, enabling producers to plough back surplus from cultivation to make long-term improvements on land, and raise agricultural productivity and growth rate. Contrary to expectations, there was no noticeable improvement in the terms of trade for agriculture during the reform period. Moreover, decline in capital formation in agriculture, inadequate expenditure on irrigation and extension services in rural areas, and a dearth of cheap institutional credit, resulted in a slowdown of agricultural growth and heightened livelihood insecurity for a substantial proportion of those dependent on agriculture.

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Economic and Political Weekly, Vol. 52, Issue No. 9, 04 March, 2017, http://www.epw.in/journal/2017/9/special-articles/economic-reforms-and-agricultural-growth-india.html


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