Including Agriculture in Sustaining Economic Growth of India

Tushar Das and Lopamudra Mishra

The IUP Journal of Applied Economics, 2010, vol. IX, issue 4, 69-84

Abstract: : The goal of development is to improve human well-being in a sustainable way, with a particular emphasis on less well-off. India s economic growth has received potential attention in the recent years. While the economy of India has been growing rapidly with broadly based gains in absolute incomes and many outcomes, it is also the case that progress has differed among different people and social groups. Growth needs to become more inclusive by increasing the prosperity of poorer states, where economies have expanded at a slower pace than those of richer states in the past decade. Growth strategies are likely to differ according to domestic opportunities and constraints. The growth strategies require a sense of priorities. The strategy is aimed at identifying the most binding constraints on economic growth. In the recent years, the empirical literature on economic growth and the convergence principle has devoted increasing attention to interregional analysis. In this paper, an attempt has been made to measure the inequality and locate the lagging states by applying the convergence principle taking both per capita income and per capita agricultural income as the sources of convergence. Since the agricultural sector is not performing in pace with the national economy, it implies the need for strategies for this particular sector.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjae:v:09:y:2010:i:4:p:69-84

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