Indian Economy 1950-1990

Question

'The new agricultural technology involved risks'. Explain.

Answer

India became self-sufficient in food grains requirements but the technology involved was not free from risks. One was the possibility that it will increase the disparities between small and big farmers because the big farmers could afford the required inputs and were able to reap most of the benefits of the Green Revolution. The HYV crops were also more prone to attack by pests, and the small farmers who adopt this technology may lose everything in a pest attack. But these did not come true because of the steps taken by the government. The government provided loans at a low interest rate to small farmers and subsidised fertilizers so that small farmers also could have access to the needed inputs.

Sponsor Area