Trade Policy, Agricultural Growth and Rural Poor

This paper attempts to examine (i) how changes in trade policy introduced during the nineties have influenced the domestic inter-sectoral terms of trade, being the mechanism through which the impact of macro policies such as monetary, exchange rate and trade are transmitted to the agricultural sector; (ii) the impact of terms of trade and trade policy among others on aggregate crop output and private investment in agriculture over the period; (iii) whether trade policy and devaluation of rupee among others have helped in raising agricultural exports; and (iv) how the aggregate crop output and terms of trade have influenced rural poverty and real agricultural wages of unskilled workers over the period.