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The Analytics of the Agriculture-Industry Relationship in a Closed Economy: A Case Study of India
The barriers created by stunted agricultural growth for industrial development have constituted a recurrent theme in debates on Indian economic policy. This essay brings out these debates in terms of the disproportionality caused by the disparate rates of industrial and agricultural growth. It examines the continued relevance of the agriculture-industry linkage to understand the stagnation in the farm sector since the early 1990s. Instead of focusing on agriculture per se, the discussion attempts therefore to unravel the links that bind agriculture and industry, both analytically and empirically for India.
SPECIAL ARTICLE
Rajiv Jha
The barriers created by stunted agricultural growth for industrial development have constituted a recurrent theme in debates on Indian economic policy. This essay brings out these debates in terms of the disproportionality caused by the disparate rates of industrial and agricultural growth. It examines the continued relevance of the agriculture-industry linkage to understand the stagnation in the farm sector since the early 1990s. Instead of focusing on agriculture per se, the discussion attempts therefore to unravel the links that bind agriculture and industry, both analytically and empirically for India.
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