ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Some Explorations into India's Post-Independence Growth Process, 1950/51-2002/03: The Demand Side

Aggregate demand growth in India during 1950-51 to 2002-03 has been consumption-driven at the margin, with the relative contribution of consumption having risen in the high growth phase covering the period 1980-81 to 2002-03. In this phase, consumption growth accelerated and the gap between rates of growth of investment and consumption narrowed substantially. Further, in this high growth phase, aggregate demand growth was consumption-driven not because of increases in the private final consumption expenditure ratio but because of increases in the government final consumption expenditure ratio.

Global Tea Scenario 2001 AD

V N Reddy This paper examines global demand for and the supply of tea by estimating semi-log trends separately using data of the recent past, 1974 to 1988, on the area under cultivation of tea, production, exports and the retention of tea for domestic consumption. From the semi-tog trend fits, the supply of tea and demand for tea have been estimated for specified future years 1993, 1996 and 2001. The findings indicate that global demand for tea exceeds global supply of tea and this gap will increase over time, and as a result of which tea prices will rise. Country-wise phenomena reveal that some of the countries like Kenya, Sri Lanka and China are exporting tea at uneconomical prices possibly to meet their foreign exchange requirements. At the global level, there appears to be no relation between the annual tea export volume and its annual export price per kg. Added to this, there is sluggish growth in the area under cultivation of tea. Hence, global supply of tea may have to be increased by increasing the productivity of tea in order to meet both the domestic and export demands.

Small Growers and Co-operative Tea Factories in Nilgiris

in Nilgiris V N Reddy Sharit K Bhowmik The co-operative factories in Nilgiris have had a positive effect in helping the small tea growers, especially those with very small holdings. At the same time in spite of their financial and technical limitations over the years the small growers have increased the area of their holdings and their productivity. This shows that the small growers have been more enterprising in raising production than the large estates whose production has remained stagnant. The co-operative factories have not only ensured fair prices to their members but also to growers in areas where there are no co-operatives. The bought leaf factories in these areas pay their growers the market prices. They are cautious in lowering prices as they know that this would provoke the growers into joining a co-operative or, when there is none, in forming a new one. Thus the impact of these co-operatives can be felt on all the small growers in this district.

Pattern of Commercial Farming in Guntur District

Guntur District V N Reddy In recent debates on the changes in Indian agriculture, commercial farming occupies an important place. Guntur district of Andhra Pradesh is regarded as one of the leading areas in regard to commercialisation of agriculture. The district is well known for tobacco and chillies. After the advent of the Nagarjuna Sagar waters in 1968-69, it has gained a distinct place in the country's cotton map on account of its significant contribution to the production of import-substituting superior long and extra-long staple cottons like MCU-5, Varalaxmi and Suvin. The cultivation of these varieties of cotton requires substantial monetary outlays as welt as careful application of techniques like crop rotation, preparatory tillage, etc, for better yields. During the period 1970-71 to 1979-80, there has been a four-fold increase in the average value per hectare from the cotton crop in Guntur district.

Backward Castes and Tenancy A Village Study

Recently, the importance is being felt of information on who leases land and on what terms and conditions, in order to analyse the effects of different tenurial categories as also to understand the mode of exploitation through the lease market.

Growth Rates

V N Reddy Quite often, we find in economic literature, several loose[ statements about how the rate of growth of an Economy has been rising or falling or constant over time, essentially taking into account two or three observations. In a few cases these statements are based on fitting a particular, growth curve without examining its empirical appropriateness and along with it sometimes providing partial information on the desirable statistical measures of goodness of fit as indicated by R2, Dw and T values.

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