The
Progress of "Reform" and the Retrogression
of Agriculture
Apr 25th
2007, C.P.
Chandrasekhar
The
consequence of recent structural shifts is that the
Indian economy can record the observed creditable rates
of non-inflationary growth of aggregate GDP even when
its agricultural sector languishes. It appears that
a feature of the growth process in a more open and liberalised
environment is that the peasantry has a much smaller
a role in sustaining economic growth and can thus be
partially excluded from development. What is disconcerting
is that the self-correcting mechanism that existed in
the earlier period to restore a semblance of balance
between agricultural and non-agricultural growth are
no more operative.
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