Asian Journal of Research in Social Sciences and Humanities
  • Year: 2017
  • Volume: 7
  • Issue: 1

Agrarian Crisis in India

*UGC Junior Research Fellow, Department of Economics, Faculty of Social Sciences, Banaras Hindu University (BHU), Varanasi, India

**Associate Professor, Department of Economics, Mahila Mahavidyalaya (MMV), Banaras Hindu University (BHU), Varanasi, India

Online published on 12 January, 2017.

Abstract

The main aim of the economic reforms was to integrate the Indian economy with the rest of the world. But agriculture was not covered in these liberalization measures apart from relaxation of some export controls. This paper tries to observe whether the contention of significant slowdown in agriculture in the post reform period is validated by available data. In the light of this the trends of Indian agriculture have been analyzed using Semi log linear regression during the period of 1970–2014. The study relies on secondary data compiled from various published sources. The study concluded that the growth rate is highest during the period 1980–1989 (i.e. almost above 4%). After 1990 the average annual growth rate is declining. Indian government has to take drastic reforms in Agriculture policy so as to achieve higher food production.

Keywords

Agriculture, Average annual growth rate, Semi log linear regression