The relationship between agricultural and industrial growth, with special reference to the development of the Punjab economy from 1950 to 1965

Summary

This paper examines the fundamental issue of intersectoral dependence, in the context of the growth of Punjab's economy. It is divided into two sections. The first section analyses the basic nature of the agriculture‐industry relationship. Particular attention is paid to the role of the marketed surplus. The second section examines Punjab's experience, both in the light of the analysis of the first section and as contrasted to the experience of India as a whole. Certain distinguishing features emerge which help to explain the success of Punjab's development, and provide conclusions about the importance of sectoral interdependence in economic development.

Notes

The author is a Lecturer in Economics at the University of Auckland. His thanks are due to Michael Lipton for his valuable comments on an earlier draft of this paper.