Economic Development Agricultural and Industrial Growth 

Description

As agricultural production and productivity rises above the subsistence requirement, the volume of marketable surplus increases which provides sinews of industrialisation, particularly in the rural sector. The rising volume of savings and capital formation consequent upon rising farm incomes give strong stimulus to demand for manufactured goods. Investment in one sector pulls investment of other sectors up thereby accelerating overall growth rate of the economy.
The interdependency between traditional agricultural and modern industrial sectors of an economy is crucial to a country’s overall economic development. Agricultural growth depends on the industrial demand for agricultural commodities. Similarly, industrial growth depends on an increase in purchasing power of the agricultural sector for industrial commodities and on the supply of raw materials for processing. Many developing countries have realised the importance of the agricultural sector and its role in industrialisation in their economic development.
This book is both theoretical and applied in nature and is a valuable addition to the current literature on the subject. The book will be of immense help to academicians, researchers, planners, administrators and general readers interested in the subject. It tries to deal with the latest agricultural development and production in recent times.