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Determinants of agricultural productivity in Indian economic scenario: An assessment of time trends of factors since the independence eve

Author

Listed:
  • Jagriti Jaiswal

    (School of Management IMS Unison University Dehradun)

  • Saurabh Singh

    (School of Management IMS Unison University Dehradun)

Abstract

This paper focusses the trend of the credit supply and its impact on agricultural growth in Indian scenario since the independence eve. After independence, India emerged as a centre of attraction for national and international policy makers and investors. With the diversified demographic structure, India was tied in one strong thread of economic activity which was agriculture. With the time, need for agriculture is getting higher no matter what numbers projects. In this pandemic scenario, this was the only sector which reported positive growth. Food was always in the list of basic necessity. So will be in future. Therefore, it is always a prioritize sector to consider while making the fiscal or monetary policies. Under monetary policies credit supply is a major indicator to intervene the agricultural productivity and accompanied factor of production. Henceforth, this paper examined the impact of agriculture and other factor of production like land, labour force participation in agriculture, and irrigation facilities on agricultural productivity. With our paper, important light was thrown upon the various factors like bank credit provided to the rural area, irrigation facilities, technological development, and capital formation and how does it affect the agriculture development in Indian scenario. Study Found that Land, Labour, And Irrigation are the major factor which can increase the agriculture productivity. But the other Components like Bank credit, Technology, Capital and fertilizer usage must be look after to transform the picture of Indian agriculture

Suggested Citation

  • Jagriti Jaiswal & Saurabh Singh, 2024. "Determinants of agricultural productivity in Indian economic scenario: An assessment of time trends of factors since the independence eve," Acta Universitatis Bohemiae Meridionalis, University of South Bohemia in Ceske Budejovice, Faculty of Economics, vol. 27(1), pages 16-29.
  • Handle: RePEc:boh:actaub:v:27:y:2024:i:1:p:16-29
    DOI: 10.32725/acta.2024.002
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    References listed on IDEAS

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    1. Hamdiyah Alhassan & Benjamin Musah Abu & Paul Kwame Nkegbe, 2020. "Access to Credit, Farm Productivity and Market Participation in Ghana: A Conditional Mixed Process Approach," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 14(2), pages 226-246, May.
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    4. Hedman Jansson, Kristina & Huisman Chelsey, Jo & Lagerkvist, Carl Johan & Rabinowicz, Ewa, 2013. "Agricultural Credit Market Institutions: A Comparison of Selected European Countries," Factor Markets Working Papers 143, Centre for European Policy Studies.
    5. Jin, Songqing & Yu, Winston & Jansen, Hans G.P. & Muraoka, Rie, 2012. "The impact of Irrigation on Agricultural Productivity: Evidence from India," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126868, International Association of Agricultural Economists.
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    7. Chi Aloysius Ngong & Chinyere Onyejiaku & Dobdinga Cletus Fonchamnyo & Josaphat Uchechukwu Joe Onwumere, 2022. "Has bank credit really impacted agricultural productivity in the Central African Economic and Monetary Community?," Asian Journal of Economics and Banking, Emerald Group Publishing Limited, vol. 7(3), pages 435-453, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Indian agriculture; Agriculture credit; capital and productivity;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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