India’s agricultural performance has given rise to a wide-ranging debate on its agricultural policies. Agriculture may account for only around 15 percent of India’s gross domestic product, but it has always been an integral part of the India paradigm—as the primary source of livelihood for more than half its population, shaping and strengthening its economy, and boosting its global presence. The pivotal role of the agricultural sector in the development process has long been recognized.
Nor have India’s policy makers been unaware of the need to develop the agricultural sector. The government has taken a host of measures, since independence and till date, directed toward this sector. These measures are mainly in the form of huge subsidies ...
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