Agriculture Productivity and Economic Growth in India: An Ardl Model
South Asian Journal of Social Studies and Economics,
Purpose: The research aims to investigate agricultural production and its influence on India's economic growth.
Methods: The ADF test has been used to determine variable stationarity. Using secondary data from 1991 to 2020, the ARDL Model was used to estimate the long-run and short-run links between agricultural production and economic growth.
Findings: Our empirical findings reveal that the GCF and inflation rate are negatively correlated with economic growth in the short and long term. In contrast, all other factors have a positive link with economic growth.
Research Implication: We believe that The government has employed various tactics to maintain farm prices and profits. They imposed production limitations and subsidy programs that made direct payments to farmers. It is more efficient for the government to supply farmers with the required inputs, and farmers can use those cost-effective inputs in various agricultural operations.
Future Research Suggestion: The research has certain flaws because it only looks at five different crops and evaluates their influence on economic expansion over the previous three decades. The new study, with its many variables and long year, presents an opportunity to boost India's agricultural output, despite the fact that it has several flaws.
- Economic growth
- agricultural productivity
How to Cite
Economy survey of India; 2012.
Statistical Handbook of RBI.
Ahmad K, Heng ACT. Determinants of agriculture productivity growth in Pakistan. Int Res J Fin Econ. 2012;95:163-73.
Awan AG, Aslam A. Impact of agriculture productivity on economic growth: A case study of Pakistan. Glob J Manag Soc Sci. 2015;1(1):57-71.
Kulshrestha D, Agrawal KK. An econometric analysis of agricultural production and economic growth in India. Indian J Mark. 2019;49(11):56-65.
Faridi MZ. Contribution of agricultural exports to economic growth in Pakistan. Pak J Com Soc Sci (PJCSS). 2012; 6(1):133-46.
Awan AG, Naseem R. The impact of Government expenditures on Economic development in Pakistan. Global Journal of management. Soc Sci Humanit. 2018;5:562-5.
Chandio AA, Jiang Y, Guangshun X. Agriculture and economic growth: Evidence from Pakistan. Int J Adv Biotechnol Res. 2016;7(3):1037-45.
Awan AG, Khan REA. The enigma of US productivity slowdown: A theoretical analysis. Am J Trade Policy. 2014;1(1):7-15.
Awan AG, Vashma A. Impact of infrastructure development on economic growth. J Dev Econ Sustainability. 2014;2(5):1-15.
Oyakhilomen O, Zibah RG. Agricultural production and economic growth in Nigeria: implication for rural poverty alleviation. Q J Int Agric. 2014;53(3):207-23.
Cao KH, Birchenall JA. Agricultural productivity, structural change and economic growth in post reform China. J Dev Econ. 2013;104:165-80
Raza SA, Ali Y, Mehboob F. Role of agriculture in the economic growth of Pakistan; 2012.
Aslam M. Agricultural productivity current scenario, constraints and future prospects in Pakistan. Sarhad J Agric. 2016; 32(4):289-303.
Ansari S, Ali N, Rashid M. Growth and instability of pulses production in Uttar Pradesh: A decomposition analysis. Asian J Multidimensional Res. 2022;11(1): 71-81.
Abstract View: 55 times
PDF Download: 25 times