TITLE:
Impact of Agricultural Inputs on Agricultural GDP in Indian Economy
AUTHORS:
Tamma Koti Reddy, Madhubanti Dutta
KEYWORDS:
Net Irrigated Area, Fertilizers, Electricity, Rainfall, Agricultural GDP, Public Investment
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.10,
June
21,
2018
ABSTRACT: The paper aims to investigate the impact of
Agricultural inputs on Agricultural Gross Domestic Product in Indian Economy
using A Simple Regression Analysis for the period 1980-1981 to 2015-2016.
Agricultural GDP is taken
as the dependent variable and independent variables are taken as fertilizers,
net irrigated area, pesticides, electricity, rainfall and usage of HYV seeds.
The study reveals that the variables like fertilizers and net irrigated area
are not statistically significant, which means they do not have a significant
impact on agricultural GDP during the time period 1980-1981 to 2015-2016. The
study further reveals that the variables like pesticides, electricity, rainfall
and seeds are statistically significant and it is inferred that these variables
have a significant impact on agricultural GDP during the aforementioned data
period. The authors opine that the government can intervene in the working of
the agricultural sector both from input side as well as from output side. The
study highlights that the Reviving public sector investment is critical due to
its multiplier effect on the overall GCF in the sector. Thus, there is a need
to formulate a long-term perspective plan for rural infrastructure that focuses
on infrastructural projects that have the highest total impact and strongest
linkages.