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Identifying Performance Indicators for the Agriculture Sector in Developing Countries Through the ARDL Model : Special Reference of India


Affiliations
1 Assistant Professor, Ajay Kumar Garg Institute of Management, Ghaziabad - 201 009, Uttar Pradesh., India
2 Professor, KIET Group of Institutions, Ghaziabad - 201 206, Uttar Pradesh,, India
3 Professor & Director (Corresponding Author), BBS College of Engineering & Technology, Prayagraj - 211 003, Uttar Pradesh., India

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Agriculture, the most prominent sector for a developing nation like India, is currently facing issues like low growth rate, inadequate finance, shifting of farmers from agriculture in the rural area to labor in the urban area, the lesser income of farmers, and lower contribution in GDP. The issues become more prominent when the agriculture sector accounts for more than half of the country’s workforce in India. In this research paper, an attempt was made to identify the most prominent performance indicators of the agriculture sector. Atotal of 11 indicators were explored in the study by applying the ARDLmodel. After analysis, four out of 11 indicators were identified as the most prominent indicators.

Keywords

Agriculture Sector, Performance Indicators, Agriculture Finance, R&D in the Agriculture Sector, ARDL

JELClassification Codes : C13, G2, M2, O4

Paper Submission Date : June 20, 2022 ; Paper sent back for Revision : January 24, 2023 ; Paper Acceptance Date : January 30, 2023 ; Paper Published Online : February 15, 2023

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  • Identifying Performance Indicators for the Agriculture Sector in Developing Countries Through the ARDL Model : Special Reference of India

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Authors

Rahul Singhal
Assistant Professor, Ajay Kumar Garg Institute of Management, Ghaziabad - 201 009, Uttar Pradesh., India
Prateek Gupta
Professor, KIET Group of Institutions, Ghaziabad - 201 206, Uttar Pradesh,, India
Ajay Singh
Professor & Director (Corresponding Author), BBS College of Engineering & Technology, Prayagraj - 211 003, Uttar Pradesh., India

Abstract


Agriculture, the most prominent sector for a developing nation like India, is currently facing issues like low growth rate, inadequate finance, shifting of farmers from agriculture in the rural area to labor in the urban area, the lesser income of farmers, and lower contribution in GDP. The issues become more prominent when the agriculture sector accounts for more than half of the country’s workforce in India. In this research paper, an attempt was made to identify the most prominent performance indicators of the agriculture sector. Atotal of 11 indicators were explored in the study by applying the ARDLmodel. After analysis, four out of 11 indicators were identified as the most prominent indicators.

Keywords


Agriculture Sector, Performance Indicators, Agriculture Finance, R&D in the Agriculture Sector, ARDL

JELClassification Codes : C13, G2, M2, O4

Paper Submission Date : June 20, 2022 ; Paper sent back for Revision : January 24, 2023 ; Paper Acceptance Date : January 30, 2023 ; Paper Published Online : February 15, 2023


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DOI: https://doi.org/10.17010/ijf%2F2023%2Fv17i2%2F170145