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Emerging Trends and Regional Variations in Agricultural Investments and their Implications for Growth and Equity

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  • Chand, Ramesh

Abstract

Public investment in Indian agriculture has generated considerable debate and interest. The debate lacks on two counts. One, most researchers have been using CSO series on public investment which consists largely of investments in irrigation and does not include such important heads like rural roads, rural electrification and several other items which are relevant and essential for growth and development of agriculture sector. The CSO series has inherent limitations, due to its restrictive coverage which affect further analysis. The present study constructs an alternative series on public investments for agriculture, which includes all major heads related to the development of agriculture. The new series reveals the true trend in investments made for agriculture sector and is more appropriate for studying the impact of public investment on private investments. Two, complete information on public investments in agriculture at state level has been missing. The present study constructs complete series on capital expenditure for agriculture for the last 23 years for each state of India. The study explores determinants of private agricultural investment since 1980-81, which represent the phase of declining public investment in agriculture. The relationship between indicators of agricultural performance and investments has been analyzed and the implications of emerging trends in public and private investments on agriculture sector have been discussed. The findings of the study provide insights into the importance being accorded for development of infrastructure for 7agriculture and regional disparities in the same. I hope the paper would be useful to both researchers and policy planners as it addresses analytical issues and issues of policy relevance.

Suggested Citation

  • Chand, Ramesh, 2000. "Emerging Trends and Regional Variations in Agricultural Investments and their Implications for Growth and Equity," IAMO Policy Briefs 344975, Institute of Agricultural Development in Transition Economies (IAMO).
    • Handle: RePEc:ags:iamopb:344975
    DOI: 10.22004/ag.econ.344975
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    References listed on IDEAS

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    1. Gandhi, Vasant P., 1990. "Investment Behavior in Developing Countries: The Case of Agriculture in India," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 22(1), pages 1-38.
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    5. Pal, Suresh & Singh, Alka, 1997. "Agricultural Research and Extension in India: Institutional Structure and Investments," Policy Papers 344965, ICAR National Institute of Agricultural Economics and Policy Research (NIAP).
    6. Peter Timmer, C., 1988. "The agricultural transformation," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 8, pages 275-331, Elsevier.
    7. Jairath, M. S. & Purohit, Brijesh C., 1996. "Trends in Capital Formation in Agriculture - A Case of Arid India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 51(4), December.
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    Cited by:

    1. Mehta, Niti, 2023. "Agricultural Investments: Trends and Role in Enhancing Agricultural Output and Incomes," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 0(Number 4), December.

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