An Econometric Analysis of Agricultural Production and Growth in India Since 1966

Abstract

Agriculture plays an important role in economic development, such as provision of food to the nation, enlarging exports, transfer of manpower to non-agricultural sectors, contribution to capital formation, and securing markets for industrialization. The present study discussed an agricultural production and productivity trend in India during from 1966-67 to 2020-21. Data on important variables like, Agricultural production, area under cultivation, and yield. The Econometric model is formulated with Lon Linear Regression Model, Chow Breakpoint Test and Unit Root Test. The major objectives of the study were to evaluate the performance of agricultural production in India, to analyse the trend of agricultural production, productivity and area under cultivation with GDP and major commercial crops in India from 1966-67 to 2010-21.