Capital formation in Indian agriculture: trends, composition and implications for growth

By: Contributor(s): Material type: TextTextSeries: NABARD occasional paper no.24Publication details: Mumbai National Bank for Agriculture and Rural Development 2002Description: xv, 124 pSubject(s): DDC classification:
  • 338.130954
Summary: The last two decades have witnessed an intense debate in the country that capital formation in Indian agriculture has been stagnating. As per the official estimates of Central Statistical Organization (CSO), the public sector capital formation in agriculture (including forestry and fishery) has been falling in real terms, and any increase in private sector investment in agriculture is not able to make the overall picture very comfortable. Further, amongst many perspectives on deceleration in the public capital formation, it is also alleged that the macro-economic reforms initiated in the country in 1991-92 have also led to an increasing squeeze on public sector investments in agriculture. All this has resulted in deceleration in the growth of foodgrains in Indian agriculture during 1990s over 1 980s. This obviously does not augur well for the hard earned food security of this country. The situation is sometimes considered alarming, as it is believed to affect adversely the rural masses in particular and overall economy in general. Thus goes the prescription: Indian policy makers must correct this neglect of agriculture by enhancing government allocation for capital formation in agriculture, or else the nation will have to pay a heavy price in terms of growth, food security and poverty alleviation. https://www.nabard.org/demo/auth/writereaddata/File/OC%2024.pdf
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Books Vikram Sarabhai Library Rack 22-A / Slot 863 (0 Floor, East Wing) General Stacks 338.130954 G8C2 (Browse shelf(Opens below)) Available 155487

The last two decades have witnessed an intense debate in the country that capital formation in Indian agriculture has been stagnating. As per the official estimates of Central Statistical Organization (CSO), the public sector capital formation in agriculture (including forestry and fishery) has been falling in real terms, and any increase in private sector investment in agriculture is not able to make the overall picture very comfortable. Further, amongst many perspectives on deceleration in the public capital formation, it is also alleged that the macro-economic reforms initiated in the country in 1991-92 have also led to an increasing squeeze on public sector investments in agriculture. All this has resulted in deceleration in the growth of foodgrains in Indian agriculture during 1990s over 1 980s. This obviously does not augur well for the hard earned food security of this country. The situation is sometimes considered alarming, as it is believed to affect adversely the rural masses in particular and overall economy in general. Thus goes the prescription: Indian policy makers must correct this neglect of agriculture by enhancing government allocation for capital formation in agriculture, or else the nation will have to pay a heavy price in terms of growth, food security and poverty alleviation.

https://www.nabard.org/demo/auth/writereaddata/File/OC%2024.pdf

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