CBSE 2020 Class 12 Economics Outside Delhi Set 3
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Question : 6 of 7
Marks:
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"Some economists believe that the economic reforms have adversely affected the agriculture sector in India."
Do you agree with the given statement? Justify your answer with valid reason.
Do you agree with the given statement? Justify your answer with valid reason.
Solution:
Economic Reform : "Yes" we agree with the given statement.
(i) Reduction of public investment : Public investment in agriculture sector, especially infrastructure which includes roads, power irrigation has been reduced in the reform period.
(ii) Removal of subsidy : Removal of fertilizer subsidy has increased the cost of production.
(iii) Reduction in import duties : After commitment of WTO a number of policy has changed like reduction of import duties on agriculture products.
(iv) Shift towards cash crops: Due to export-oriented policy in agriculture the production shifted from food grains to cash crops for the export market.
(i) Reduction of public investment : Public investment in agriculture sector, especially infrastructure which includes roads, power irrigation has been reduced in the reform period.
(ii) Removal of subsidy : Removal of fertilizer subsidy has increased the cost of production.
(iii) Reduction in import duties : After commitment of WTO a number of policy has changed like reduction of import duties on agriculture products.
(iv) Shift towards cash crops: Due to export-oriented policy in agriculture the production shifted from food grains to cash crops for the export market.
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