Acta Univ. Bohem. Merid. 2024, 27(1):16-29 | DOI: 10.32725/acta.2024.0021068

Determinants of agricultural productivity in Indian economic scenario: An assessment of time trends of factors since the independence eve

Jagriti Jaiswal1, Saurabh Singh1
1 School of Management IMS Unison University Dehradun

This paper focusses the trend of the credit supply and its impact on agricultural growth in Indian scenario since the independence eve. After independence, India emerged as a centre of attraction for national and international policy makers and investors. With the diversified demographic structure, India was tied in one strong thread of economic activity which was agriculture. With the time, need for agriculture is getting higher no matter what numbers projects. In this pandemic scenario, this was the only sector which reported positive growth. Food was always in the list of basic necessity. So will be in future. Therefore, it is always a prioritize sector to consider while making the fiscal or monetary policies.  Under monetary policies credit supply is a major indicator to intervene the agricultural productivity and accompanied factor of production. Henceforth, this paper examined the impact of agriculture and other factor of production like land, labour force participation in agriculture, and irrigation facilities on agricultural productivity. With our paper, important light was thrown upon the various factors like bank credit provided to the rural area, irrigation facilities, technological development, and capital formation and how does it affect the agriculture development in Indian scenario. Study Found that Land, Labour, And Irrigation are the major factor which can increase the agriculture productivity. But the other Components like Bank credit, Technology, Capital and fertilizer usage must be look after to transform the picture of Indian agriculture

Keywords: Indian agriculture, Agriculture credit, capital and productivity
JEL classification: O13, O16, O33, Q15, Q18

Received: March 1, 2023; Revised: February 10, 2024; Accepted: June 17, 2024; Published: June 17, 2024  Show citation

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Jaiswal, J., & Singh, S. (2024). Determinants of agricultural productivity in Indian economic scenario: An assessment of time trends of factors since the independence eve. Acta Universitatis Bohemiae Meridionalis, 27(1), 16-29. doi: 10.32725/acta.2024.002
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