ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Agriculture and Liberalisation-Some Implications for Development Policies

Considering the economy as a whole, including agriculture and its present development status, liberalisation can be a step in the right direction provided it is used as a strategy not to withdraw the government from the economy but to shift the focus of government policies and concerns from helping and subsidising the organised parts of the economy, which are now viable enough to operate on their own, to building up the economy and society in the vast unorganised parts lacking development and remaining backward. Such a strategy can promote broad-based agricultural growth which would not only increase the growth rate of the economy but, more important, enable the backward areas and the poor to participate in growth and share in its benefits. Without such a long-term perspective, liberalisation, instead of promoting growth would only intensify the gathering crisis in the economy.

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