Vol. 1, Issue 7 (2014)
Comparisons of land and labour productivity in Karnataka
Author(s): Hanumanthappa K M
Abstract: The importance of agriculture in the economic development of any country, rich or poor, is borne out by the fact that it is the primary sector of the economy which provides the basic ingredients necessary for the existence of mankind and also provides most of the raw materials which then transformed into finished products, serve as basic necessities of the human race. In a preponderantly agrarian economy, agriculture plays a most strategic role from several points of view. At a minimum, farm production must be increased rapidly enough to keep pace with population growth. However, in a speedy industrializing economy, this is not enough. Industrialization necessarily brings with it urbanization and a rapid expansion of the industrial labour force. This may then be expected to bring with it a rising per capita demand for food, based on higher urban incomes. Moreover, in one form or another, agriculture is called upon to save and finance a significant part of the investment for an expansion of industrial plant, transport and other sectors as well.