Explain the reasons behind the slowdown of agricultural growth in India since 1991.
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Since 1991, agricultural growth in India has decelerated due to several intertwined factors:
Investment Deficiency: Post-liberalization, focus shifted to industry and services, leading to inadequate investment in agricultural infrastructure and R&D.
Land Fragmentation: Subdivision of land into smaller, non-viable plots has impeded mechanization and economies of scale.
Water Scarcity: Over-extraction of groundwater and inadequate irrigation systems have resulted in severe water shortages, affecting crop productivity.
Soil Degradation: Intensive farming, excessive chemical use, and lack of crop rotation have degraded soil quality, leading to lower yields.
Market Access Issues: Poor rural infrastructure and storage facilities restrict farmers’ market access, causing significant post-harvest losses and reduced incomes.
Policy Inefficiencies: Reactive policies, insufficient support for crop diversification, and neglect of sustainable practices have hindered growth.
Climate Change: Increased frequency of extreme weather events, such as droughts and floods, has disrupted agricultural cycles and reduced yields.
Credit and Insurance Gaps: Limited access to affordable credit and effective insurance leaves farmers financially vulnerable.
Addressing these challenges requires strategic investment, policy reforms, and adoption of sustainable practices to revitalize agricultural growth.