Impact of Agricultural Inputs on Agricultural GDP in Indian Economy - Theoretical Economics Letters

TEL > Vol.8 No.10, June 2018

Impact of Agricultural Inputs on Agricultural GDP in Indian Economy ()

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DOI: 10.4236/tel.2018.810121 2,411 Downloads 10,522 Views Citations

Author(s)

Tamma Koti Reddy^*, Madhubanti Dutta

Affiliation(s)

Department of Economics, IBS Hyderabad (A Constituent of ICFAI Foundation for Higher Education), Hyderabad, India.

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.

KEYWORDS

Net Irrigated Area, Fertilizers, Electricity, Rainfall, Agricultural GDP, Public Investment

Share and Cite:

Reddy, T. and Dutta, M. (2018) Impact of Agricultural Inputs on Agricultural GDP in Indian Economy. Theoretical Economics Letters, 8, 1840-1853. doi: 10.4236/tel.2018.810121.

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