Contribution of Agriculture for Inclusive Growth in India: A Review
Abstract
Economists Johnson and Author Lewisstated that agriculture plays a vital role as a driver of growth of economy, especially in the early stages of industrialization. Later other economists also acknowledged the role of agriculture in emerging as a modern sector and contributing significantly to inclusive growth. Thereafter, other economists also recognized and accepted the impact of agricultural development on the non-farm sector. The agricultural sector contributes to economic development in many ways- by demand for inputs used in agriculture, by supplying raw materials to industry and by creating demand in rural areas for final goods from industries. The first phase of it, The Green Revolution 1961,the second phase is economic reforms in 1991-92 and the third phase started from the revolution in IT and IT enabled services around 2003-04. The rate of growth is existed in these three phases in agriculture, non-farm and the whole economy.
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