UGC Approved Journal no 63975(19)
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ISSN: 2349-5162 | ESTD Year : 2014
Volume 13 | Issue 3 | March 2026

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Volume 12 Issue 5
May-2025
eISSN: 2349-5162

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Published Paper ID:
JETIR2505A05


Registration ID:
563223

Page Number

j59-j66

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Title

Economic Reforms and Agricultural Transformation: Evidence from Post-1991 India

Abstract

India’s 1991 economic reforms, prompted by a balance-of-payments crisis, marked a shift from a state-controlled to a market-oriented economy, significantly reshaping agriculture, which employed over 60% of the workforce in 1991 and contributed 29% to GDP. This article analyzes the reforms’ impact on agricultural productivity, crop diversification, trade, rural employment, and socio-economic disparities from 1991 to 2024. Using data from the Ministry of Agriculture, Reserve Bank of India, Indian Council of Agricultural Research (ICAR, 2024), and recent studies, it reveals a 49% rise in food grain productivity (1,738 kg/ha in 1990–91 to 2,600 kg/ha in 2023–24), a 13-fold increase in agricultural exports ($3.2 billion in 1991 to $42 billion in 2018, with 2024–25 projections at $17.77 billion for April–December), and a decline in rural poverty from 50% in 1993 to 22% by 2024 (USDA, 2024; NSSO, 2019). The 2023–24 record food grain production of 332.3 million metric tons (MMT) reflects progress, yet declines in pulses (23.9 MMT) and oilseeds (39.5 MMT) signal vulnerabilities (IBEF, 2024). Smallholders, comprising 85% of farm households, faced challenges from reduced subsidies, market volatility, and environmental degradation, including groundwater depletion and soil erosion. Regional disparities, particularly in eastern states, exacerbated inequalities. Data tables and Python-generated graphs illustrate these trends. The study advocates for policies enhancing credit access, sustainable practices like organic farming, and infrastructure development (e.g., cold storage, rural roads) to address smallholder challenges, promote inclusive growth, and ensure environmental sustainability, balancing market-driven reforms with equitable support.

Key Words

Economic Reforms, Agricultural Transformation, Productivity Growth, Crop Diversification, Agricultural Exports, Rural Poverty

Cite This Article

"Economic Reforms and Agricultural Transformation: Evidence from Post-1991 India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 5, page no.j59-j66, May-2025, Available :http://www.jetir.org/papers/JETIR2505A05.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Economic Reforms and Agricultural Transformation: Evidence from Post-1991 India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 5, page no. ppj59-j66, May-2025, Available at : http://www.jetir.org/papers/JETIR2505A05.pdf

Publication Details

Published Paper ID: JETIR2505A05
Registration ID: 563223
Published In: Volume 12 | Issue 5 | Year May-2025
DOI (Digital Object Identifier):
Page No: j59-j66
Country: Jodhpur, Rajasthan, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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