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On the Role of Agriculture in India's Longer-Term Development Strategy

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  • Storm, Servaas

Abstract

Two contrasting views on agriculture's role in India's longer-term development strategy are identified and evaluated with the help of a dynamic multisector model, capturing the structural features of India's mixed economy. The simulation results show that policy recommendations favoring industrial growth, in which the interdependence between agriculture and industry is not taken into account, turn out to be self-defeating, while policies succeeding in raising agricultural production and income also lead to improved industrial performance because they augment the size of the domestic market. Hence, the results suggest that Indian industrialization can be only sustained by agriculture. (c) 1995 Academic Press Limited Copyright 1995 by Oxford University Press.

Suggested Citation

  • Storm, Servaas, 1995. "On the Role of Agriculture in India's Longer-Term Development Strategy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(6), pages 761-788, December.
    • Handle: RePEc:oup:cambje:v:19:y:1995:i:6:p:761-88
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    1. Rosa María García-FERNANDEZ & Carmen Maria Llorca-RODRIGUEA, 2015. "Who have been the most harmed by the crisis? Evidence from Spain," Journal of Economics and Political Economy, KSP Journals, vol. 2(1), pages 23-41, March.

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