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3. Although this paper explains the stagnation of the industrial sector by examining of the agricultural sector, the latter is only part of the cause. For details of controvercies over the industrial stagnation, refer to: Ahluwalia I. J., Industrial Growth in India: Stagnation since the Mid-Sixties, Delhi, Oxford University Press, 1985.

4. Economic Review 1977 holds forth quite an optimistic prospect: "The shortages of food and foreign exchange holdings, that have impeded our economic growth, will no longer be any constraint." This is also the dominant forecast from authoritative current government spokespersons.

5. Journal of Peasant Studies, VOl.21, No.3/4, April/July, 1994 gives extra space to special articles on the peasants' movements. A large part of the descriptions in this present paper is owed to this issue.

6. For farmers' lobbying, see Karnik A. & Lalvani M., "Interest Groups, Subsides and Public Goods - Farm Lobby in Indian Agriculture", Economic and Political Weekly, March 30, 1996, pp. 818-820.

7. For example, see Rao C. H., Agricultural Growth, Rural Poverty and Environmental Degradation in India, Oxford University Press, Delhi, 1994, and Shetty S. L., "Investment in Agriculture, Brief Review of Recent Trends", Economic and Political Weekly, Vol.25. No.7&8, Feb., 1990, pp. 17-24.

8. Charan Singh, who criticized the Urban (India) biased political strategies, and fought for Rural communities' (Bharat) benefits, maintained an anti- Congress Party stance, and served as a governor of Uttar Pradesh. Later, he led the Bharatiya Lok Dal Party, called several other anti-Congress Party forces together, and formed the Janata Party, which then replaced the Congress Party to head the Federal Government from 1977 to 1980.

9. Not only in India, but also in many other developing countries, percentages of debt collection under rural policy finance is only just over 50%, as farmers tend to regard the loans as subsidies.

10. Mishra S. N. and Ramash Chand, "Public and Private Capital Formation in Indian Agriculture-Comments on Complementarity Hypothesis and Others", Economic and Political Weekly, June 24, 1995. pp. A64-A79.

 

 

 

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