Trends in the growth of production and productivity, Microeconomics

Assignment Help:

Trends in the Growth of Production and  Productivity:

From an analysis of the trends of growth of production and productivity of agricultural sector as a whole and of different crops in the preceding section, it can be safely concluded that: 

1) Growth rate of agricultural  production picked up immediately after independence but largely due to allocation of more area under cultivation. This was, however, not enough, as the country was becoming increasingly dependent on food imports. Moreover, the increase in production through increase in area under cultivation has its obvious limitations. 

2) The new agricultural strategy of water, seed and fertiliser technology brought about a change in the rate of growth of production through an increase in productivity. This was a welcome change not only for the farmer whose income could rise from his existing holding but also for the economy where growth in agricultural production could facilitate higher rate of economic growth. 

3) The growth rate of production of the agricultural sector rose to around 3.4 per cent per annum during the decade of 1980's and was higher than the rate of growth in production of 2.5 per cent per annum during the earlier decade. Increase in yield was the major contributor to the growth rates in agricultural production.  

4) Similar trends were witnessed in  the rates of growth of production and productivity of foodgrains. The growth rates witnessed in the decade of 1980's were distinctly higher than those in the earlier decades. 

5) In respect of foodgrains, the gains  of technological change were largely confined to Rice and Wheat. Other Coarse Cereals and pulses lagged behind. 

6) For the period up to 1980's, the growth in production and productivity in non-foodgrain sector is only marginally higher than for the entire sector. However, since the decade of 1980's the non-foodgrain sector has grown at a rate which is distinctly higher than the growth of the sector as a whole. 

7) There are clear symptoms of the agricultural sector showing symptoms of retrogression in growth of production and productivity of agricultural sector as a whole and foodgrains as well. The sluggishness in the rates of growth of production and a significant decline in rate of growth of yield per hectare call for a major overhaul of agricultural policy framework.


Related Discussions:- Trends in the growth of production and productivity

Discussion Board, In theory, we know that a monopolist basis its price dire...

In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot ''see'' the demand curve. Explain how a monopolist might

Graph questions, explain what will happen to price , the marginal cost of r...

explain what will happen to price , the marginal cost of rice, and the quantity produced if the government sets a production quota of 2000 bags a week. draw a graph and explain you

Explain supply of the commodity, The law of supply is that producers will s...

The law of supply is that producers will supply more the higher the price of the commodity.  The supply curve is an upward sloping function showing a direct relationship among pric

The state of confidence in conventional judgements, The State of Confidence...

The State of Confidence in Conventional Judgements : While individuals fall back on conventions to guide their behaviour in the face of uncertainty, they are also aware that th

Trade, Ask question #Minim1. what items should be put on the agenda of a ne...

Ask question #Minim1. what items should be put on the agenda of a new round of trade talks (and who wants these on the agenda), 2. why, and 3. the problems likely to be met in the

Assignment, suppose you have a coffee shop. list of fixed input and variabl...

suppose you have a coffee shop. list of fixed input and variable input for operating the shop

Land resources , Normal 0 false false false EN-IN X-N...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd