Agricultural Development under the New Economic Regime

This paper discusses the impact of the government's New Economic Policy on agriculture and agricultural development under five main heads: (i) fiscal adjustments, (ii) the structural adjustment policy, (Hi) financial reform, (iv) policy of globalisation, and (v) other measures and approaches relevant to the agricultural sector THE main features of what has generally come to be known as the government' s New Economic Policy (NEP) are familiar and I do not wish to list them in detail. Instead, I shall try to focus on the specific impact of NEP on agriculture and agricultural development under five main heads: (i) fiscal adjustments, (ii) structural adjustment policy (SAP), (iii) financial reform, (iv) policy of globalisation and, (v) other measures or approaches relevant to the agricultural sector.