The Presidents Speak

More generally the Presidents of that period, including Rajendra Prasad and R.K. Patil see co-operatives as the panacea of overcoming the bottlenecks created by small landholdings in allowing access to modern inputs requiring size as a precondition.\n He squarely faces the issue that the basic premise of the 1991 reform that curtailment of protection to Indian industry would increase the growth of agriculture by removing the anti agricultural bias did not happen. [...]as I showed a few years later as suggested by Sen, public investment also went up but while investment levels went up to around 20 per cent of agricultural GDP there was no big jump in the agricultural growth rate, This so called increase in the ICOR(?) has puzzled Indian economists as Sen brings out very vividly.