MACROMANIA

The growth of any economy or sector primarily depends on changes in demographic composition, capital accumulation, and innovation. Capital is one of the crucial factors in the growth/production process. It is a fact that during the green and post-green revolution periods, both public and private capital formation in agriculture made a significant contribution to the farm sector's growth. Initially, agricultural development is driven by public investment in agricultural infrastructure, extension services, markets and storage facilities development, etc. Encouraged by their increased returns due to infrastructure improvements by such investments, farmers were induced to make private investments in land development, groundwater irrigation, farm mechanization, HYV seeds, chemical fertilizers, etc. The private corporate sector entered agricultural R&D, extension, marketing, contract farming, and other agricultural-related services more recently. These investments have substantially ...