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

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Public and Private Capital Formation in Indian Agriculture-Comments on Complementarity Hypothesis and Others

Economists in the recent past have suggested that the decline in public sector capital formation in Indian agriculture is not only bad in itself, it also leads to a decline in private capital formation because there exists a high complementarity between public and private capital formation in agriculture. This would mean that if the declining trend of public sector capital formation is not reversed, prospects of agricultural growth in the country are dim.

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