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Challenges, opportunities and innovation in Indian rural economy

Author

Listed:
  • Soumya Pal
  • Deepti Sharma
  • Durgit Kumar
  • Harika Sombhatla

Abstract

In this paper, long winding problems of agriculture sector in India has been elaborated with a focus on the core policies, structure, and exogenous factors such as climate change. The aim of the study is to highlight the existing inequalities amongst the farmers based on the land holding and a mixed bag of policy responses by the government. With a high intervening role of official agencies, poor pricing policy, input inaccessibility and low incentives for innovation, agriculture has remained by and large a risky and less profitable venture. In conclusion, a suggestion on minimalistic role for government agencies and decentralised farmers-oriented marketing model for price discovery has been emphasized which is based on the Gandhian philosophy of rural development.

Suggested Citation

  • Soumya Pal & Deepti Sharma & Durgit Kumar & Harika Sombhatla, 2020. "Challenges, opportunities and innovation in Indian rural economy," ASARC Working Papers 2020-04, The Australian National University, Australia South Asia Research Centre.
    • Handle: RePEc:pas:asarcc:2020-04
    as

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    File URL: https://acde.crawford.anu.edu.au/sites/default/files/publication/acde_crawford_anu_edu_au/2020-11/wp2020-04.pdf
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    References listed on IDEAS

    as
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    5. World Bank, 2015. "Agricultural Risk Management in the Face of Climate Change," World Bank Publications - Reports 22897, The World Bank Group.
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    7. Burman, Anirudh & Patnaik, Ila & Roy, Shubho & Shah, Ajay, 2018. "Diagnosing and overcoming sustained food price volatility: Enabling a National Market for Food," Working Papers 18/236, National Institute of Public Finance and Policy.
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    More about this item

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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