State and explain Mahalanobis’ views on agricultural productivity… - Vidyadip

Question

State and explain Mahalanobis’ views on agricultural productivity.

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Answer

Statistician $\text{RC.}$ Mahalanobis believed that if planned properly than agriculture has more ability to provide employment than any other sector.
As per Mahalanobis, in India by investing $Rs. 1$ crore in agriculture sector $40,000$ people can be employed and production can be increased by $5.7\%$. On the other hand, by investing $Rs. 1$ crore in big industries only $500$ people can be employed and production can be increased by $1.4\%.$
From the estimate it is clear, agriculture sector can create more employment than industry.

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