Chapter

Agrarian Crisis in Punjab

Karam Singh

in Agrarian Crisis in India

Published in print October 2010 | ISBN: 9780198069096
Published online October 2012 | e-ISBN: 9780199080472 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198069096.003.0010
Agrarian Crisis in Punjab

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This chapter analyses the underlying causes of the agrarian crisis in Punjab, one of the most prosperous states in India. It shows the pronounced deceleration in agricultural growth since the early 1990s and the decline in profitability in agriculture because the cost of inputs has been increasing faster than output prices, coupled with poor or stagnant yields. Other factors responsible for the decline in income from agriculture are the increasing cost of capital equipment such as tractors, the rising cost of irrigation as a result of the sharp drop in the water table, and significant idle capacity in capital equipment. Although farmers' suicides can be attributed to many factors, the main culprit is economic stress due to indebtedness.

Keywords: Punjab; agrarian crisis; profitability; agriculture; farmers; farmers' suicides; indebtedness; agrarian distress; income; irrigation

Chapter.  8655 words. 

Subjects: Economic Development and Growth

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