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Impact of Economic Slowdown on Indian Agriculture

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Indian Journal of Economics and Development
Volume 16 No. SS, 2020, 457-461
DOI: https://doi.org/10.35716/ijed/NS20-036
Indexed in Clarivate Analytics (ESCI) of WoS

Ritu Rathore1a, Shubham Mishra2, Kamlesh Kumar Acharya1, Priyanka Lal1, and Tulika Kumari1

1Ph.D. Scholars, Dairy Economics, Statistics, and Management Division, ICAR-National Dairy Research Institute, Karnal-132001
and 2Ph.D. Scholar, Department of Extension Education, Maharana Pratap University of Agriculture and Technology, Udaipur-313001

Corresponding author’s email: riturathore1012@gmail.com

ABSTRACT
The present study assessed the impact of economic slowdown on Indian agriculture. Five factors viz., resource flow in Indian agriculture, input use in Indian agriculture, agricultural exports and imports, inflation in food and non-food products and agrarian distress which affected agriculture were examined. Secondary data on these factors were collected from various sources for period from 2014-15 to 2018-19. The results showed that input use in agriculture and institutional credit advances to agriculture sector have favorable effect while private investment in agriculture, net trade, consumer food price index and farmers’ suicide were adversely affected by the economic slowdown. Therefore it was suggested that government should take comprehensive measures rather than a piecemeal one, to increase income and investment to revive demand.

Keywords
Agriculture, economic slowdown, factors, impact.

JEL Codes
G01, O13, Q14.

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