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This concession is meant only for the foreigners or those who collaborate with Indian counterparts. In other words this provision will strengthen the hold
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Modemisation and export promotion will intensify capital intensity as well as import-intensity which is also biased in favc~ur of capital and against labour.
The agricultural sector of the economy is adversely affected by the
New Economic Policy. Our farming community is now at the mercy of multinational corporations. They were now facing two types of problems.
On one side the cost of cultivation is increasing as a result of withdrawing subsidy by the government to farm inputs, and the other side they were not getting remunerative price for their products. The neglect and problems of a sector which provide livelihood to more than 60% of the population is disastrous to the Indian economy. Most of the agricultural crops shows a declining growth rate after the adoption of the New Economic Policy.
The economic or. more specifically financial crisis is not fully autonomous. I t is linked, both as a cause and effect with many other …show more content…
However, two years of severe drought in 1965 and 1966 convinced India to reform its agricultural policy, and that India could not rely on foreign aid and foreign imports for food security. India adopted significant policy reforms focused on the goal of foodgrain self-sufficiency. This ushered in India'sGreen Revolution. It began with the decision to adopt superior yielding, disease resistant wheat varieties in combination with better farming knowledge to improve productivity.
India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 15.7% of the GDP in 2009–10, employed 52.1% of the total workforce, and despite a steady decline of its share in the GDP, is still the largest economic sector and a significant piece of the overall socio-economic development of India.[94] Yields per unit area of all crops have grown since 1950, due to the special emphasis placed on agriculture in the five-year plans and steady improvements in irrigation, technology, application of modern agricultural practices and provision of agricultural credit and subsidies since the Green Revolution in India. However, international comparisons reveal the average yield in India is generally 30% to 50% of the highest average yield in the world.[95] Indian states Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, Andhra Pradesh, Bihar, West Bengal, Gujarat
Modemisation and export promotion will intensify capital intensity as well as import-intensity which is also biased in favc~ur of capital and against labour.
The agricultural sector of the economy is adversely affected by the
New Economic Policy. Our farming community is now at the mercy of multinational corporations. They were now facing two types of problems.
On one side the cost of cultivation is increasing as a result of withdrawing subsidy by the government to farm inputs, and the other side they were not getting remunerative price for their products. The neglect and problems of a sector which provide livelihood to more than 60% of the population is disastrous to the Indian economy. Most of the agricultural crops shows a declining growth rate after the adoption of the New Economic Policy.
The economic or. more specifically financial crisis is not fully autonomous. I t is linked, both as a cause and effect with many other …show more content…
However, two years of severe drought in 1965 and 1966 convinced India to reform its agricultural policy, and that India could not rely on foreign aid and foreign imports for food security. India adopted significant policy reforms focused on the goal of foodgrain self-sufficiency. This ushered in India'sGreen Revolution. It began with the decision to adopt superior yielding, disease resistant wheat varieties in combination with better farming knowledge to improve productivity.
India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 15.7% of the GDP in 2009–10, employed 52.1% of the total workforce, and despite a steady decline of its share in the GDP, is still the largest economic sector and a significant piece of the overall socio-economic development of India.[94] Yields per unit area of all crops have grown since 1950, due to the special emphasis placed on agriculture in the five-year plans and steady improvements in irrigation, technology, application of modern agricultural practices and provision of agricultural credit and subsidies since the Green Revolution in India. However, international comparisons reveal the average yield in India is generally 30% to 50% of the highest average yield in the world.[95] Indian states Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, Andhra Pradesh, Bihar, West Bengal, Gujarat