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A Concise Handbook of the Indian Economy in the 21st Century$
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Ashima Goyal

Print publication date: 2019

Print ISBN-13: 9780199496464

Published to Oxford Scholarship Online: January 2020

DOI: 10.1093/oso/9780199496464.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 04 August 2021

Agriculture in India

Agriculture in India

Performance, Challenges, and Opportunities

(p.321) Chapter 11 
Agriculture in India
A Concise Handbook of the Indian Economy in the 21st Century

S. Mahendra Dev

Srijit Mishra

Vijay Laxmi Pandey

Oxford University Press

Mahendra Dev, Srijit Mishra, and Vijaylaxmi Pandey contextualize Indian agriculture by an evaluation of its performance, with a focus on the roles, challenges and opportunities for small holders. They observe a turn-around over 2004/5–2010/1 compared to the immediate post-reforms period, which had witnessed stagnation in comparison to the pre-reforms period. Public policy initiatives on investment, research, extension and credit and a set of good monsoons were among the reasons for improvement. But livelihood sustainability of smallholder farmers is a matter of concern. Even so, there are opportunities to reduce costs and risks and use low external input sustainable agriculture without compromising on production. There were sharp peaks in agricultural prices that contributed to inflation. But after prices moderated with export prices, there was severe small farmer distress. The supply response has to keep up with demand growth without excessive inflation even as the population dependent on agriculture shrinks.

Keywords:   Agriculture, small holders, turnaround, public policy, price volatility, distress

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