CACP, Government of India; Honorary Professor and Former Director, Institute of Development Studies, Jaipur 302004, India; E-mail: ssacharya@idjs.org
* Based on the Presidential Address delivered at the 13th Annual Conference of Agricultrual Economics Research Association (India) held at C.S.A. University of Agricutlure & Technology, Kanpur, during 6–7 January, 2006.