ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Surplus Labour in Agriculture- Some Estimates

apd to study the determinants. But the highly aggregative character of the results furnished for the topmost asset- holding group needs modification. We would expect the Reserve Bank to come forward with detailed tabulated results, THERE has been a general notion for a long time that the traditional agriculture provides employment to many more persons than is necessary to produce a given level of output. This notion was very strong during the fifties and sixties, particularly in India, and it was regarded as an almost established fact that the agricultural sector of a developing country like India suffers from large-scale disguised unemployment or underemployment.1 A large number of studies were then conducted on the concept and measurement of the surplus labour arising out of the -.underemployment in Indian agriculture; was felt, very strongly, that the Resulting surplus labour could be considered as assets and utilised for capital formation in the economy.2 However, the initial over-reaction

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