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Economic Development of Agriculture in India

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  • M Ramanjaneyulu

Abstract

This paper broadly estimates the growth rate of agricultural GDP that is based on factors such as capital formation, institutional credit and fertilizer consumption. Since these variables have a positive effect on GDP the null hypothesis is rejected. Further, this study also estimates the export performance of agriculture on agriculture GDP and tests whether the increasing expenditure on subsidies results in reduction of agriculture capital formation. For this purpose, this study uses log linear regression models at various levels. The author concludes that in order to strengthen trade promotion of agro-products, central and state governments have to involve practically rather than make policies

Suggested Citation

  • M Ramanjaneyulu, 2006. "Economic Development of Agriculture in India," The IUP Journal of Agricultural Economics, IUP Publications, vol. 0(1), pages 27-39, January.
  • Handle: RePEc:icf:icfjag:v:03:y:2006:i:1:p:27-39
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