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Gross Capital Formation and GDP growth in Indian Agriculture Sector

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  • marimuthu, sivakumar

Abstract

Nevertheless the share of agriculture sector in the GDP has declined in the recent past; agriculture is the backbone and engine of the Indian economy. Agriculture continues play a vital role in the development of India. More than 60 per cent of the people, especially rural Indians, still depends agriculture sector for their subsistence and most of the industries also depend upon agriculture for their raw materials. Any developmental activity needs investment; like that GDP growth needs investment. On the other hand, any investment has to yield some benefit. Hence it is imperative to measure the effectiveness or yield of any investment. In this perspective, the Gross Capital Formation (GCF) and the Gross Domestic Product (GDP) change in Indian agriculture sector study is getting importance.

Suggested Citation

  • marimuthu, sivakumar, 2013. "Gross Capital Formation and GDP growth in Indian Agriculture Sector," MPRA Paper 46946, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:46946
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    File URL: https://mpra.ub.uni-muenchen.de/46946/1/MPRA_paper_46946.pdf
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    References listed on IDEAS

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    1. Sharma, Vijay Paul, 2007. "India’s Agrarian Crisis and Smallholder Producers’ Participation in New Farm Supply Chain Initiatives: A Case Study of Contract Farming," IIMA Working Papers WP2007-08-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
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    Cited by:

    1. Quershi, N.W. & Achoth, L. & Krishnan, M. & Prakash, S. & Ananthan, P.S. & Kumar, N.R. & Pandey, S.K., 2015. "Misplaced Priorities and Lopsided Investments: A Macroscan of Agriculture, Livestock and Fisheries Sectors in India," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 28(Conferenc).

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    More about this item

    Keywords

    India; Agriculture; GDP; Gross Capital Formation; ICOR;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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