Agricultural growth and rural poverty reduction in India : targeting investments and input subsidies

Bibliographic Information

Agricultural growth and rural poverty reduction in India : targeting investments and input subsidies

Seema Bathla, Pramod Kumar Joshi, Anjani Kumar

(India studies in business and economics)

Springer, c2020

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Note

Includes bibliographical references

Annexes: p.117-130

Description and Table of Contents

Description

This book provides a blueprint for the allocation of public expenditures "in" and "for" agriculture at the dis-aggregated state level and suggests a reorientation in favour of disadvantaged regions where the marginal returns on additional investments would be higher. It provides insights into the inter-linkages between public expenditures, private investment, rural poverty, and agriculture productivity from a regional perspective to reflect upon spatial differences in the welfare effects of various investments, subsidies, and policies. The book focuses on agricultural growth and rural poverty reduction through public and private investments, non-farm employment, and other pathways to the formulation of appropriate policies at the dis-aggregated state level. It presents new evidence based on advanced econometric tools for analysing and understanding the relationship between public and private investments in agriculture and input subsidies (fertilizer, power, irrigation, and credit) together with their impacts at the dis-aggregated state level. The book also deliberates on an income based direct support system for farmers as an alternative to the existing input price subsidy regime. Accordingly, the book offers valuable insights not only for researchers working on poverty alleviation, rural economy, and agricultural growth, but also for policymakers.

Table of Contents

Chapter I Agricultural Growth and Poverty Reduction through Public Investment I.1 Introduction I.2 Regional Impacts of Public Expenditure I.3 Key Questions I.4 Chapter Scheme Chapter II Contextualising Public Intervention in Agriculture and Welfare Effects II.1 Rationale II.2 Welfare Effects of Public Spending-A Conceptual Framework Chapter III Spatial Patterns in Public Expenditure, Subsidies and Outcomes III.1 Trends in Public Expenditure and Share of Economic and Social Services III.2 Investments in Agriculture and Irrigation III.3 Magnitude of Input Subsidies in Agriculture III.4 Public Spending Outcomes III.5 Summing Up Chapter IV Size of Private Investment and its Relationship with Public Investment and Input Subsidies IV.1 Introduction IV.2 Database and Methodological Approach IV.3 Structure and Trends in Fixed Capital Expenditure IV.4 Results from Econometric Analysis IV.5 Summary and Conclusions Chapter V Welfare Effects of Public and Private Investments and Input Subsidies V.1 Main Hypotheses and Model Estimation V.2 Income and Poverty Effects of Public Spending V.3 Marginal Returns to Agricultural Income and Rural Poverty Reduction Chapter VI Major Findings and Way Forward VI.1 Key Results and Policy Implications VI.2 Interventions in Input Subsidy Regime

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