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This book provides the latest research findings on the ways to revive and sustain higher growth rates in India.
India’s recent performance in agriculture has been favorable, with agricultural production growing over the past 30 years. Yet there is widespread consensus that, relative to the rest of the economy, agriculture is lagging and that it can and must do much better to support india’s overall high economic growth and dynamism. This book explores the future and presents the audacious question: what could the agricultural sector in India look like 30 years from now and how should it look if it is to successfully meet the needs of the country’s affluent society? In order to address this question, this book proposes a set of recommendations that should be implemented on a priority basis. These recommendations are as follows: (i) make public programs much more focused and effective; (ii) recognize water as a critical, long-term constraint to India’s agricultural growth and give top priority to significantly improving the efficiency of water use; (iii) promote new high-yield seeds and related technologies, including mechanization, to improve yields and productivity; (iv) improve the effectiveness of agricultural research and extension; (v) support further improvements of the farm-to-market value chain and reduce spoilage; and (vi) improve markets and incentives related to agriculture through reforms of prices, trade, and subsidies. The vision of what India’s economy in 2040 should and can look like, with an affluent and modern agricultural sector, will require fundamental changes in both the demand and supply sides of Indian agriculture. The vision is based not on projections but on how India’s agricultural sector needs to adapt to match the economy’s progress as a whole. This vision is plausible but it is by no means certain.
This book examines the successful private, public and civil society models of agriculture value chains in India and addresses relevant challenges and opportunities to improve their efficiency and inclusiveness. It promotes the value-chain approach as a tool to improve access to finance for small holder farmers and discusses the possible structure of and regulatory framework for the ‘National Common Agricultural Market’— a term that featured in the Indian Finance Minister’s 2014–15 budget speech, and which is aimed towards standardizing and improving transparency in agricultural trade practices across states under a single licensing system. The book deliberates on the potential of developing innovative financial instruments into the value chain framework by supporting tripartite agreements between producers, lead firms and financial institutions. Its fourteen chapters are divided into three parts—Agriculture Value Chain Financing: Theoretical Framework, Agriculture Value Chain Financing in Cases of Select Commodities; and Institutional Framework for Agriculture Value Chain Financing. Since the concept of value chain financing is being considered as a future policy agenda, the book is of great interest to corporations dealing with agricultural inputs and outputs; commercial, regional, rural and cooperative banks; policy makers; academicians and NGOs.
This book brings together unique experiences of India, China and Israel in overcoming economic, social, and natural resource challenges. Through its eleven chapters, the book captures the role of groundbreaking innovations in achieving unprecedented agricultural growth and stabilizing these nations. It provides a future outlook of the new challenges that will confront these countries in 2030 and beyond, related to tackling food and nutrition security, sustainable agricultural growth and adhering to improved food safety standards. This book provides useful insights for exploring technological innovations and policies that can address these future challenges and develop profitable and sustainable agriculture. This volume also highlights valuable lessons that India, China and Israel provide for the rest of the developing world where population is growing fast; natural resources are limited; and it is a challenge to produce enough food, feed and fibre for their populations. Tracing the historical past, this book is an impressive resource for academicians, policymakers, practitioners, agribusiness players, entrepreneurs in understanding the role of innovations in addressing future challenges.
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas-human capital, technology, agriculture, finance, trade, public service delivery and more-new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy. A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth, and chronic banking sector challenges have plagued the economy, exacerbated by the COVID-19 pandemic. It has also exposed the limitations of the Indian state, which tries to control too much-and ends up stifling the economy and the inherent energies of its young population. Climate change is no longer a distant threat, while disruptive technology has huge implications for India's demographic dividend. In addition, the dangerous lurch towards majoritarianism will cast its shadow on India's pursuit of prosperity for all. Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to restructure not only its economy but rejuvenate its democratic energy and unshackle its potential-to become a genuinely developed economy by 2047? The book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths, and lays out the clear choices and new ideas India must adopt towards that end.
China and India are the most extraordinary economic success stories of the developing world. Both nations’ economies have grown dramatically over the past few decades, elevating them from two of the world’s poorest countries into projected economic superpowers. As a result, the numbers of Chinese and Indians living in poverty have rapidly fallen and per capita incomes in China and India have quadrupled and doubled, respectively. This book investigates the reasons for these staggering accomplishments and the lessons that can be applied both to other developing nations and to the problem of poverty that remains in these two countries. The contributors pay particular attention to agriculture and the rural economy, examining how initial conditions and investments and the prioritization and sequencing of different policies and strategies have led to successes, and how the agricultural and rural sectors connect to overall economic expansion. They also emphasize the importance of anti-poverty programs and safety nets in helping poor people escape poverty. The book offers a set of policy and strategic options for future growth and poverty reduction. These include setting the right priorities for public spending, identifying trade and market reforms, building social safety nets for the poorest of the poor, and building accountable institutions that can provide public goods and services effectively. The book concludes by examining future challenges to China and India’s economic development, such as the need to ensure growth that is sustainable, equitable, and environmentally friendly. The Dragon and the Elephant offers valuable insights to development specialists anxious to multiply the benefits experienced by two of the greatest economic successes in recent times.
This paper reports on an ex-post assessment of IFPRI’s research on High-Value Agriculture (HVA) over 1994–2010. HVA is defined to include perishable agricultural commodities produced for the market that yield high returns to land, labor, or both. IFPRI’s research on HVA has been housed mainly in GRP27 (Participation in high value agricultural markets). Questions for the study included whether IFPRI had the right research strategy for this topic; was focused on the right issues; was a leader in the field; used the most relevant approaches and methods; and was successful in sensitizing/influ-encing the policies of governments, agribusiness, academia, civil society, and the international donor community. Finally, what has been the impact of the HVA policies that IFPRI influenced?
Long plagued by poverty, India's recent economic growth has vaulted it into the ranks of the world's emerging powers, but what kind of power it wants to be remains a mystery. Our Time Has Come explains why India behaves the way it does, and the role it is likely to play globally as its prominence grows.
Knowledge Driven Development: Private Extension and Global Lessons uses actual cases written specifically to study the role and capacity of private companies in knowledge sharing and intensification through agricultural extension. Descriptions of specific models and approaches are teased out of complex situations exhibiting a range of agricultural, regulatory, socio-economic variables. Illustrative cases focus on a particular agricultural value chain and elaborate the special feature of the associated private extension system. Chapters presenting individual cases of private extension also highlight specific areas of variations and significant deviance. Each chapter begins with a section describing the background and agricultural context of the case, followed by a description of the specific crop value chain. Based on understanding of this context, extension models and methods by private companies receive deeper analysis and definition in the next section. This leads to a discussion of the private extension with respect to its relevance, efficiency, effectiveness, equity, sustainability and impact. Following that, comparison with public extension, the uniqueness of the knowledge intensification model, and lessons for its replication and scaling up are elaborated. The final chapter summarizes the major results from the ten cases presented, looking at the trends, commonalities and differences of various extension approaches and the general lessons for success or failure. It concludes with a set of messages around value creation, integrated services, market links, inclusive innovation, and capacity development. - Provides understanding of different knowledge sharing and intensification models of extension delivery and financing by private companies across the agricultural value chains - Assesses the factors leading to successes or failures of various approaches - Draws lessons and recommendations for future endeavors relating to private extension policies and programs