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Revisiting Agricultural Policies in the Light of Globalisation Experience: The Indian Context

Publisher: Indian Society of Agricultural Economics

The Indian economy has undergone wide structural changes over time with the anticipated decline in the share of agriculture in its GDP. Despite a fall in its share from 56.53 per cent in 1950-51 to 14.0 per cent in 2012-13, agriculture still continues to be the main sector of Indian economy as it provides livelihood to majority of the people. Average number of Indians still spends almost half of their total income on food, while roughly half of India’s work force is still engaged in agriculture for their livelihood. The global experience of growth and poverty reduction shows that GDP growth originating in agriculture is at least twice as effective in reducing poverty as GDP growth originating outside agriculture. Agriculture is and will continue to be the engine of the national growth and development.

Author(s): C.I Dadhich, A. Janaiah, WIll Martin, Dinesh Marothia | Views(302) | Download (142)

  
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