At a time when India’s manufacturing sector is buffeted by several headwinds that threaten a premature de-industrialisation, the services sector is predominantly informal and suffers from poor productivity, and also given India’s recent struggles with structural transformation (the latest PLFS data shows that the share of agriculture in India’s labour force has remained persistently high, even reversing course since 2018-19 to increase from 42.5% to 45.76% in 2022-23), it’s important that to achieve broad-based economic growth public debates should focus more on improving the productivity and incomes from agriculture.
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Some thoughts on agriculture incomes
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At a time when India’s manufacturing sector is buffeted by several headwinds that threaten a premature de-industrialisation, the services sector is predominantly informal and suffers from poor productivity, and also given India’s recent struggles with structural transformation (the latest PLFS data shows that the share of agriculture in India’s labour force has remained persistently high, even reversing course since 2018-19 to increase from 42.5% to 45.76% in 2022-23), it’s important that to achieve broad-based economic growth public debates should focus more on improving the productivity and incomes from agriculture.