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Agriculture, Where does the problem lie?


  • Deepak Khanna
  • Renu Verma


Once Gunnar Murdyl, the Nobel Laureate had stated that it is the agriculture sector which decides if the battle for long term economic development will be won. This is absolutely true for a developing country like India. Despite its share decreasing in GDP (54% in 1960-61 to 23% in 2004-05), agriculture still remains the backbone of the Indian economy. Without its growth, it is futile to think of a high GDP growth rate of the country. Agriculture is still a provider of wage goods like food, fibre and fuel and also provider of raw material for a large number of industries. Agriculture boosts the economy through backward and forward linkages. It provides livelihood to over 60% of the population. And in India it also provides a cushion for the ratio between the urban and rural income.” Being such an important sector of the economy it can not be ignored or neglected. The present study is an attempt to analyze the growth of agriculture sector during the pre and post reform period as well as identify the most important factors that determine its growth performance.

Suggested Citation

  • Deepak Khanna & Renu Verma, 2006. "Agriculture, Where does the problem lie?," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 2(2), pages 76-89, June.
  • Handle: RePEc:jge:journl:222

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    References listed on IDEAS

    1. Rena, Ravinder, 2007. "Sectoral Performance In The African Economy – Some Issues And Trends," MPRA Paper 11089, University Library of Munich, Germany, revised 2007.
    2. Niimi, Yoko & Ozden, Caglar, 2006. "Migration and remittances : causes and linkages," Policy Research Working Paper Series 4087, The World Bank.
    3. World Bank, 2007. "World Development Indicators 2007," World Bank Publications, The World Bank, number 8150.
    4. RavinderRena, 2008. "Sectoral Performance in the African Economy – Some Issues and Trends," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 2(1), pages 1-14, June.
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    More about this item


    Indian Economy; GDP; Agriculture; Agricultural Economics;

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General


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