Record Details

Challenges to Indian agriculture: future strategy

Philippine Review of Economics

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Field Value
 
Title Challenges to Indian agriculture: future strategy
 
Creator Reddy, T. Koti; ICFAI Business School, Hyderabad
 
Subject capital formation; production and productivity trends; institutional credit; regulated marketing; infrastructural facilities
 
Description This paper discusses production and productivity trends, and challenges to, and future strategy of, the Indian agricultural sector. The author suggests that there is a need to raise farm productivity, especially in the country’s vast rain-fed areas. Priority should be given not just to crop farming but also to livestock farming, horticulture, fodder plantation, and grassland development. Improved seeds and fertilizers, and proper irrigation facilities can play a crucial role in raising productivity. The growth of the agricultural sector depends on the growth of infrastructure facilities like irrigation, rural roads, market, power, cold storage, etc. The study points out that the decline in public investment in agriculture is mainly due to the diversification of resources in the form of subsidies for food, fertilizers, electricity, irrigation, credit, etc. The study concludes that the diseconomies in cost, lack of quality of domestic products in foreign markets, and cutthroat competition from other agrarian economies are the major constraints to Indian agricultural exports. The author suggests contract farming to raise high-value crops on small farms and public-private partnership in agricultural research. JEL classification: O, O10
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 2007-12-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/232
 
Source Philippine Review of Economics; Vol 44, No 2 (2007)
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/232/633
 
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