Abstract
AbstractAgriculture, in most of the developing and under‐developed countries, is the primary sector responsible for employment and livelihood of the majority of population, especially rural. This sector is entrusted with the responsibility of poverty alleviation in rural areas and contribution to overall economic growth. Hence, designing optimal policy and setting objectives have always been a concern area for the policy‐makers. In the last fiscal year, policy objective of doubling farmer income by the year 2022 was announced by the government. This paper analyzes the historical aspects of doubling of farmer's income using the National Sample Survey Office's situation assessment survey and draws projection for the future at degenerate level across land holding and states. This paper reviews the optimal mix of policies that should be adopted by the government to successful double the farmer’s income. The paper also presents a comparative analysis with such policy objective being successfully achieved in Chinese economy.
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