Author Description

<p>Documented and analyzed in this comprehensive account are the cross-country evidences in India that establish a relationship between capital and growth as well as between growth and poverty. The accelerated growth of the service sector, the almost stagnant growth of the industrial sector, and the decelerated growth of the agricultural sector have all been registered as patterns of growth in India during the last few decades. As a result, among other things, the rural-urban development divide has broadened and deepened, moving the agricultural sector to the top of the development agenda. The book analyzes macro evidences on investment behavior in Indian agriculture, shifting composition of public and private sector investment in agriculture, and the relationship among capital formation, agriculture growth, and poverty alleviation. It also provides comprehensive micro (field) level evidences on capital structure, growth, composition, capital intensity, the impact of capital stock on productivity of labor and land, and determinants of farm-level capital formation.</p>