Agriculture sector still dominates the Indian economic scene by providing livelihood to majority of the population. In most of the developing countries including India, agricultural growth is a precondition for economic development. Agriculture and allied activities contributed nearly 50 percent to India’s national income. Around 72 percent of total working population was engaged in agriculture. Inspite of an impressive rate of growth in the GCFA, its share in the GCF in the economy has been found to be declining. Although some improvement was observed in the share of GCFA in the GCF of economy in 2001-02, at 8.65 per cent, it again fell to 6.96 per cent in 2010-11. Capital formation is usually defined as an addition to the stock of productive equipment’s over time. The terms ‘capital formation’ and ‘investment’ are used interchangeably though have some distinction. But at the present stage of development of Indian agriculture, an assessment of capital formation in the agriculture sector may miss many important items of investment which are not accounted. This is because of the fact that, majority of Indian agriculturists being poor subsistence farmers for whom farming is not a business enterprise but a mode of living, Capital investments on the farm generally take place through small bits of acquisitions and activities which lead to an improvement in their productive capacity. Sustained investment on productive assets in agriculture is a pre-requisite for augmenting agricultural growth.

This volume examines the transitions in Indian agriculture since the 1980s, and emphasizes upon the role of neoliberal policies and their impact. The essays presented here deal with a range of pertinent and contemporary issues, including global food security, livelihoods of agricultural labourers, and public and private investment. These weave together glimpses of the impasse faced by petty commodity producers (marginal and small farmers) and their subsequent economic distress and social exclusion. Comprehensive in analysis, this book will be useful to scholars and researchers of agricultural economics, political economy, political science and public policy.

Providing critical insights into the two vital sectors of the Indian economy--agriculture and industry--this unique reference features contributions from noted economists and economic researchers. This guide to India's growing economy since independence features topics ranging from agricultural performance and crop insurance to industrial policy and trade liberalization. A comprehensive coverage of the issues, this remarkable study will interest students and economists alike.

Research report on interrelations between agricultural development and industrial development in India - based on a simulation macroeconomic model and using trend data from 1961 to 1972, discusses the linkage between the agricultural sector and industrial sector; and finds that 1 per cent increase in agricultural production leads to an increase in agricultural income and consumer demand for industrial products, thus stimulating a further 0.5 per cent increase in industrial production. Bibliography and graphs.

The Indian Economy Since 1991: Economic Reforms and Performance is the outcome of a collaborative effort by 28 experts who have made significant contributions in research toward the Indian economy. Using a data-based, analytical approach to key economic issues and problems, coupled with extensive coverage and a critical and in-depth analysis of the developments in all major sub-sectors of the Indian economy, this edited volume examines the impact of the reforms on various fronts such as economic performance, employment, unemployment, planning process, financial and fiscal sectors, external sector, agriculture, industry, infrastructure, health, education, poverty and federal finance since 1991.

The first major study of the relationship between labour and capital in India's economic development in the early twentieth-century. The author considers the spread of capitalism and the growth of the cotton textile industry.

The present study analyzes temporal and spatial trends in public expenditure on agriculture and irrigation in India. It links sub-period growth performance with expenditure based on structural breaks. The analysis pertains to the period between 1992/1993 and 2019/2020. This is a period that has witnessed a stagnation, and even a decrease in public expenditure in the agricultural sector and a resulting deceleration in productivity growth, which was then followed by a revival in both expenditure and output. Significantly expenditure on subsidies of key inputs, viz. fertilizer, irrigation, and power, however, has not incentivized farmers to increase output and productivity to achieve a higher rate of growth. Empirical findings based on the first-difference regression analysis confirm that agricultural growth is determined by public expenditure on agriculture and irrigation; across the states, however, input subsidies alone are shown to be less, or not at all, efficient. Funds to agriculture and irrigation should be increased in proportion to their contribution to the state domestic product, and input subsidies should be rationalized by weighing their positive welfare effects against their cost to the exchequer.

Contributed articles.

Perspective of Indian agriculture, industry and infrastructure are themes sought after by many in various organisations, including the academic community, for extensive research, policy formulation and implementation. Under these four heads, a number of specific topics have been covered in this publication through thoughtprovoking papers. These are contributions fro specialists associated, with research work, implementors and practitioners of programmes. The contributors present considerable insights into review of progress, gains and shortfalls of implementation, and directions for the future. They throw light on what needs to be done for accelerating economic growth at national, state and sub-regional levels. To enable India to become a developed nation, efficiency of the use of physical resources and human resources is vital, along with effectiveness of the use of capital, advanced technologies, and adoption of modern methods of governance. A few of the specific themes covered are: (a) Agriculture: food security, Indian agriculture scenario, tobacco, cotton, dairy development, and networking of rivers; (b) Industry: enhancing, competitiveness among small and medium enterprises, and Indian industry as a whole, parents, quality improvement and pharmaceuticals; and (c) Infrastructure: export promotion industrial parks, rural infrastructure, power sector.

Commemorative volume published on the 75th birth anniversary of V.S. Vyas, economist from Rajasthan, India; most of the papers presented at a seminar held at Jaipur in February 2008.