This is an interesting post that appeared in WSJ blog, by Lakshman Krishnamurthi and Sugandha Kandelwal, both from Kellogs school. These are some important points from their post, which is the first one in the series.
(Getty Images - also on WSJ blog)
The most important way of decreasing poverty in India is to increase farm incomes. India has the largest arable land in the world next to the US. It is marginally larger than China, but yet China is the largest producer of rice, wheat, fruits and vegetables. India's agriculture production is low. Even though India has more land under paddy cultivation, China out produces India by a wide margin. Even in cotton production where India has improved the production, China leads.
A major factor for India's low productivity is the low individual farm holdings. Small farms have become smaller and farmers lack access to farm inputs and credit. But surprisingly, Chinese farm holdings have become smaller.
The goal in the current five year plan is to increase annual food production by 20 million tonnes. A severe drought decreased the production, but by March this year it had risen to 241 million tonnes, well on target.
The writers will continue their writing and we will cover it here.
The most important way of decreasing poverty in India is to increase farm incomes. India has the largest arable land in the world next to the US. It is marginally larger than China, but yet China is the largest producer of rice, wheat, fruits and vegetables. India's agriculture production is low. Even though India has more land under paddy cultivation, China out produces India by a wide margin. Even in cotton production where India has improved the production, China leads.
A major factor for India's low productivity is the low individual farm holdings. Small farms have become smaller and farmers lack access to farm inputs and credit. But surprisingly, Chinese farm holdings have become smaller.
The goal in the current five year plan is to increase annual food production by 20 million tonnes. A severe drought decreased the production, but by March this year it had risen to 241 million tonnes, well on target.
The writers will continue their writing and we will cover it here.
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