State of Farm Economy in Poor States in India: Needed push for transformation

State of Farm Economy in Poor States in India: Needed push for transformation

Author: Ranjit Kumar

Published: 2015. LAP LAMBERT Academic Publishing, Germany. 141 pp.

Abstract: The monograph highlights the trends and pattern of agricultural growth in three backward states – Bihar, Madhya Pradesh and Odisha, in India. The bottlenecks in physical infrastructure and service delivery are the major stumbling blocks in rapid transformation of farm economy in these states. In the recent past, economic growth has been faster compared to previous many years. However, the pace of growth is still slow to catch up with the other advanced states’ economic growth in rural areas. The net income earned from farming in these states is very disappointing, as the predominantly smallholder farmers in the region have poor access to 3 Is – Infrastructure, Institutional credit and Information. This forces the poor smallholders to face climate vagaries as well as market risks on their own, thus pushing them deeper into the poverty trap. Therefore, multi-pronged strategies focusing on skill development of farmers, improvement of rural infrastructure, and innovation in delivery of different services like credit, extension, etc, are urgently needed to uplift the economic status of the poor smallholders in the region. http://oar.icrisat.org/9134/