National Academy of Agricultural Sciences (NAAS)
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PRINT ISSN : 2319-7692
Online ISSN : 2319-7706 Issues : 12 per year Publisher : Excellent Publishers Email : editorijcmas@gmail.com / submit@ijcmas.com Editor-in-chief: Dr.M.Prakash Index Copernicus ICV 2018: 95.39 NAAS RATING 2020: 5.38 |
A buoyant investment in Indian agriculture sector is necessary to ensure food security, provide livelihood to a large proportion of the workforce, contribute to the growth of the economy by producing goods, raw materials for industry and goods for exports, generate surpluses and provide market for non-agricultural goods. Capital formation in agriculture is a crucial component of growth and development in agriculture. Hence, it is a priority issue and much debated one by researchers and policy makers. The study assessed the quantum of both public and private investment in Karnataka. Results of public and private investment across various capital heads were enumerated in the study by compiling data from different secondary sources. Irrigation systems- huge component of public expenditure has been increased from `5.17 billion in 1992-93 to `97.44 billion in 2016-17. Further, public investment on agriculture and allied activities was found to be increasing over time i.e. it increased from `85.3 million in 1992-93 to `2778 million in 2016-17. Similarly, private capital formation in agriculture in Karnataka has increased from `362.5 million in 1992-93 to `8765.3 million in 2013-14. The observed trend in investment represents the increase in capital formation at the farm household level by utilization of public expenditure over time. Hence, same tempo needs to be maintained with the enhancement of public private partnerships. The public investment pattern in both agriculture and irrigation needs to be sustained by timely restructuring of allocation across the component heads with the view of improving the farm household investment.
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