RBI Releases DRG Study on “Agricultural Growth in India since 1991” - ஆர்பிஐ - Reserve Bank of India
RBI Releases DRG Study on “Agricultural Growth in India since 1991”
[Note: Development Research Group (DRG) is constituted in the Reserve Bank's Department of Economic Analysis and Policy for undertaking effective policy-oriented research backed by strong analytical and empirical basis on subjects of current interests. The views expressed in these studies are those of the authors and do not reflect the views of the Reserve Bank] The Reserve Bank of India today published a Study entitled ‘Agricultural Growth in India since 1991’. The Study is co-authored by Prof. Pulapre Balakrishnan, Senior Fellow, Nehru Memorial Museum and Library, New Delhi, along with research staff members from the Reserve Bank (Shri Ramesh Golait and Shri Pankaj Kumar). The Study was undertaken under aegis of the Development Research Group. Indian economy witnessed the slowing of agriculture at a time when the rest of the economy is growing at unprecedented rates. The slow growth of agriculture has been explicitly noted as a matter of concern in the ‘Approach Paper to the Eleventh Plan’. Further, accelerating the rate of growth of agricultural production is seen as central to a more inclusive growth. The Study addresses slow growth of the agricultural sector since 1991. The Study documents the movement of the factors that have been recognised as determining agricultural growth during this period with a view to identifying the proximate causes of the slowdown. The focus in this Study is exclusively on crop agriculture. Factors, such as, relative price movement at the aggregate and at the disaggregated (crop-wise) level, import penetration, shrinking farm size, investment in agriculture, research and extension and agriculture credit have been investigated to ascertain their impact on agricultural growth in India since 1991. The major findings of the Study are :
The full Study is available on the Reserve Bank's website (www.rbi.org.in) under Publications. Alpana Killawala Press Release : 2007-2008/1663 |