Documented and analysed in this comprehensive account are the cross-country evidences in India that establish a relationship between capital and growth as well as between growth and poverty. The accelerated growth of the service sector, the almost stagnant growth of the industrial sector, and the decelerated growth of the agricultural sector have all been registered as patterns of growth in India during the last few decades. As a result, among other things, the rural-urban development divide has broadened and deepened, moving the agricultural sector to the top of the development agenda. The book analyses macro evidences on investment behaviour in Indian agriculture, shifting composition of public and private sector investment in agriculture, and the relationship among capital formation, agriculture growth, and poverty alleviation. It also provides comprehensive micro (field) level evidences on capital structure, growth, composition, capital intensity, the impact of capital stock on productivity of labour and land, and determinants of farm-level capital formation.
S. Bisaliah has been engaged in education, research, developmental work, and academic administration for the last four decades. He is a former chairman of the Karnataka State Agricultural Price Commission and the author of more than 170 research articles and policy reports on agriculture, rural development, and capital formation in agriculture. S. Mahendra Dev is the director of the Indira Gandhi Institute of Development Research in Mumbai. He is the author of more than 100 research publications in national and international journals and has written extensively on agricultural development, poverty and public policy, food security, employment guarantee schemes, social security, and farm and nonfarm employment. Saifullah Syed is a senior policy officer for the Policy Assistance and Support Service for the Food and Agriculture Organization of the United Nations. He has published several research papers and is coauthor of the book Agriculture in the Cook Islands: New Directions.