Investment in Indian agriculture : macro and micro evidences / S. Bisaliah, S. Mahendra Dev, Syed Saifullah.

"Indira Gandhi Institute of Development Research"--Cover.

Includes statistical tables.

Includes bibliographical references (pages 217-229).

List of Tables and Figures
Preface

1. Introduction --

2. Capital, Growth and Poverty: --
Relationships and Evidences --
The Concept of Capital: Broadening and Deepening • Growth Accounting through Growth Regressions • Capital and Growth: Lessons for Developing Countries • Nexus between Growth and Poverty • Capital Formation, Agricultural Growth and Poverty Alleviation

3. Capital Formation, Agriculture Growth and Poverty --
in India: Macro Evidences and Analysis --
The Context, Complexity and Concerns of Agricultural Sector • Concepts and Data Base on Capital Formation: Three Bouts of Research • Investment Behaviour in Indian Agriculture • Capital Formation: Investment Growth Cycle and Shifts in Composition • Trends in Capital Use Efficiency • Some Recent Trends in Investment Growth and Compositional Shifts • Debate on Complementarity between Public and Private Investment in Agriculture • Capital Formation, Agriculture Growth and Poverty Alleviation

4. Micro Evidences on Capital Structure: --
Growth, Composition, Intensity and Productivity --
Development of Farm Level Data Set • Analytical Tools • Agro-Economic Features of Sample States • Aggregative Analysis • Disaggregative Analysis: Farm Size-wise Summary of Results and Inferences

5. Capital Formation in Irrigated and Rainfed Farms: --
Micro Level Evidences
Data Base and Analytical Tools • Trends in Growth Rates, Compositional Shifts and Ratio Analysis of Capital Stock in Irrigated Farms • Determinants of Gross Value of Output, Productivity of Labour and Capital Formation: Aggregative and State-wise Results • Farm Group-wise Analysis of Results on Irrigated Farms • Comparison of Results on Capital Formation in Irrigated and Rainfed Farms of Andhra Pradesh • Determinants of GVO, Labour Productivity and Capital Formation • Comparison between Irrigated and Rainfed Farms • Concluding Observations

6. Substantive Inferences and Policy Directions --
Substantive Inferences • Pathways and Policy Directions --

References.

Accelerated growth of service sector, almost stagnant growth of industrial sector and decelerated growth of agricultural sector have been registered as the pattern of growth in India during the last two decades or so. As a result, among other things, rural-urban development divide has broadened and deepened. The need for placing agricultural sector on the top of development agenda has led to identification of search areas, of which investment in agriculture to build up the capital stock so as to increase the productivity of labour engaged in agriculture and of land is well placed.



Keeping the above perspective in view, the book has documented and analysed the cross-country evidences to establish relationship between capital and growth, and growth, and poverty. Following this as a backdrop, the book has analysed macro evidences on investment behaviour in Indian agriculture, shifting composition of public and private sector investment in agriculture, and the relationship among capital formation, agriculture growth and poverty alleviation. The book has provided comprehensive micro (field) level evidences on capital structure, growth, composition, capital intensity, the impact of capital stock on productivity of labour and land, and determinants of farm level capital formation. The last chapter of the book has effectively extracted the substantive inferences from the analysis of macro and micro evidences on investment in Indian agriculture.



At the end, pathways and policy directions have been derived from the analysis of macro and micro evidences, focusing on public investment policies and priorities, and on public policy regime for inducing private investment.