Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

M. P. Khare ¹

Affiliations
1 Agro-Economic Research Centre, Gokhale Institute of Politics and Economics (Deemed to be a University), Pune 411 004, IN

Abstract

Between 1961 and 1991, Population of the country nearly doubled from 431 million to 844 million at a comoound growth rate of 2.20 per cent per annum. The production of cereals also kept up with a growth rate of 2.78 per cent per annum due to the green revolution which transformed agriculture.

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M. P. Khare

Abstract

Maharashtra is often referred to as a 'progressive' State but its agricultural performance during the period under consideration is far from satisfactory. If one accepts the premise that a State should be able to feed its own population of which an undeniably large proportion is engaged in the pursuit of agriculture, then the fact that the foodgrains production of Maharashtra has not only failed to register an increase but has actually gone down over the period is a matter for grave concern.

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M. P. Khare

Abstract

Income, Saving and Investment are three key variables of the economy of a country. While investment is the sine qua non of economic development, it is saving which provides the wherewithal for investment. The level of income is also an important variable as it determines saving and investment whereas past investment in capital goods in turn determines the present level of income.

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