Volume 13 | Issue 2
Volume 13 | Issue 2
Volume 13 | Issue 2
Volume 13 | Issue 2
Volume 13 | Issue 2
The agricultural sector plays a critical role in the overall growth of the Indian economy, despite its structural shifts towards services in recent decades. Although the contribution of agriculture has declined sharply from 55.1% in 1950-1951 to 18.6% in 2021-22, the sector remains the main source of employment in the rural sector. Increasing agricultural productivity has been the main strategy for economic development and poverty alleviation for several decades. However, it has now become clear that the share of agriculture in national production is declining much faster than the share of agricultural employment in total employment, widening the income gap between agricultural and non-agricultural sectors. The government sought to promote inclusive growth because high national income alone did not solve the economy's core problems. The study has emphasised the KCC Scheme Contribution to India’s Inclusive Growth through Agricultural Development and attempted to analyse the flow of credit to agriculture and credit through KCC scheme in period wise allocation of credit over the years. Study also analysed the area, production and yields of major crops in India. Given the level of potential output, Indian economy is well poised to achieve an impressive growth in near future.