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2015
Abstract. India‟s relations with the World Bank can be traced back to the latter‟s origin. India was one of the 17 countries, prepared the agenda for the Bretton Woods Conference ( June 1944). It was also one of the 44 countries which signed the final agreement for the establishment of the Bank. As the Bank operates in India through many kinds of projects, the country obviously offers an experimental ground for learning lessons and getting insights. In the mid of 20th century India assisted the World Bank, by facilitating it to study various problems in sectors like agricultural, social and power sectors to learn and, to “increase its understanding of the fundamental interactions of agriculture, poverty alleviation, and environment development efforts”. Based on these studies World Bank started to suggest policy prescriptions to various problems in these sectors and subsequently what was emerged as and conditionalities based funding. The article provides an insight understanding of ...
2015
India’s relations with the World Bank can be traced back to the latter’s origin. India was one of the 17 countries, prepared the agenda for the Bretton Woods Conference ( June 1944). It was also one of the 44 countries which signed the final agreement for the establishment of the Bank. As the Bank operates in India through many kinds of projects, the country obviously offers an experimental ground for learning lessons and getting insights. In the mid of 20th century India assisted the World Bank, by facilitating it to study various problems in sectors like agricultural, social and power sectors to learn and, to “increase its understanding of the fundamental interactions of agriculture, poverty alleviation, and environment development efforts”. Based on these studies World Bank started to suggest policy prescriptions to various problems in these sectors and subsequently what was emerged as and conditionalities based funding. The article provides an insight understanding of the impact...
2002
The Operations Evaluation Department (OED) is an independent unit within the World Bank: it reports directly to the Bank's Board of Executive Directors. OED assesses what works, and what does not; how a borrower plans to run and maintain a project: and the lasting contribution of the Bank to a country's overall development. The goals of evaluation are to leam from experience, to provide an objective basis for assessing the results of the Bank's work, and to provide accountability in the achievement of its objectives. It also improves Bank work by identifying and disseminating the lessons learned from experience and by framing recommendations drawn from evaluation findings. OED Working Papers are an informal series to disseminate the findings of work in progress-to encourage the exchange of ideas about development effectiveness through evaluation. The findings, interpretations, and conclusions expressed here are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries.
Jacobs University Bremen , 2021
Today the World Bank is one of the largest and most influential development finance organizations worldwide. This dissertation analyzes the history of the World Bank in the 1960s and 1970s, the crucial period in which the Bank transitioned from being a rather small, specialized investment bank for development into becoming a powerful development finance organization. The history of the organization is analyzed with a specific focus on the Bank’s ‘discovery’ and adoption of agricultural and rural development, which played an important role in the World Bank’s transformation over these decades. The thesis draws on a wide array of historical material from different archives, including some newly declassified sources from the World Bank Group Archive. By situating the Bank’s history within the larger international historical context, the dissertation contributes to three connected fields of historical research: the history of international organizations, the international history of the 1960s and 1970s, and the history of development. The thesis approaches development as a contested field that involved debates about meanings and priorities, alongside struggles over financial resources, which it analyzes with a focus on the World Bank. Analysis in chapter two and three demonstrates that the World Bank started to discuss the need for a wide-ranging ‘agrarian reform’ over the course of the 1960s. The Bank’s understanding of such an ‘agrarian reform’ mostly relied on the ideas and experiences of others, and it differed significantly between world regions. In East African countries, the World Bank’s approach to agricultural development was heavily influenced by British late colonial land settlement schemes and contained a large element of so-called ‘technical assistance’. For India, in contrast, the World Bank shared the notion of ‘agrarian reform’, advanced by the U.S. Government and U.S. foundations, that focused on making capital investments into agriculture and on establishing linkages with industry. Chapter four interprets the World Bank’s embrace of a mission for poverty alleviation and rural development, under the presidency of Robert McNamara, as a response to a specific analysis of crisis with established models of development. The dissertation interprets the new focus on rural development as a conservative reformulation of the development belief at the World Bank. Further analysis in chapter five demonstrates that there was a quick disillusionment with this new mission for rural development. It highlights the difficulties and contradictions the Bank encountered as a highly centralized financial institution in its attempt to translate the new focus on rural development into bankable projects. Taken together, the two chapters shed light on the huge gap between rhetoric and practice with regards to poverty alleviation at the World Bank over the course of the 1970s. The final chapter analyzes the World Bank’s adoption of structural adjustment lending in 1980. It argues that the debate about this new lending instrument was entangled with the larger North-South conflict of the 1970s, which in the World Bank took place as a struggle over the access to international financial resources. The analysis also explores the role that disillusionment with rural development played in preparing the ground for some of the neoliberal policy shifts that took root in the World Bank over the course of the 1980s.
Research Papers in Economics, 2001
This country assitance evaluation assesses the development effectiveness of World Bank assistance to India during the 1990s. The Bank has been India's largest source of external long-term capital and has financed a sizable share of its public investment. Its lending and nonlending services have been thinly spread over many central and state agencies and have addressed many different objectives. Overall the strategic goals of the Bank during the decade were relevant and the design of the assitance strategy improved. Efficacy is rated as modest, mainly because of the Bank's limited impact on fiscal and other structural reforms, the failure to develop an effective assistance strategy for rural poverty reduction, and the mediocre quality of projects at exit. Institutional development impact has also been modest and sustainability incertain, given the serious remaining fiscal imbalances, high environmental costs, and governance weaknesses. Taken together, these ratings gauge the ...
The Asian Development Bank claims that, from 2009 onwards, food security is a major focus of their support and assistance in India and the rest of Asia. This analysis of their overall approach and projects in India indicates that their support may in fact exacerbate the problems that have led to the ongoing food crisis in this area.
Perspectives on the History of Global Development
https://www.ijrrjournal.com/IJRR_Vol.8_Issue.12_Dec2021/IJRR-Abstract011.html, 2021
Indian economy is agricultural economy and real India lies in villages. Without the development of the rural economy, the objectives of economic planning cannot be achieved. Hence, banks and other financial institutions are considered to be a vital role for the development of the rural economy in India. NABARD are playing a pivotal role in the economy development of the rural India. In the Indian context rural development assumes greater significance as nearly 70% of its population lives in rural areas. Most of the people living in rural area draw their livelihood from agriculture and allied sectors. Such areas are distinct from more intensively settled urban and suburban areas. Life styles in rural area are different than those in urban areas, mainly because limited services are available. Governmental services like law enforcement, schools, fire departments may be distant, limited in scope, or unavailable. Rural development is a national necessity and has considerable importance in India. The main objective of the rural development programme is to raise the economic and social level of the rural people. National Bank for Agriculture and Rural Development (NABARD) is set up as an apex institution by the Government of India with the main objective of providing and regulating credit and other facilities for the promotion of rural development. It is a single integrated organisation which looks after the credit requirements of all types of agricultural and rural development activities. The present study is a modest attempt to the credit potential for agriculture during the year 2021-22. The study covered aspects such as functions, objectives, management and organizational structure, sources of funds, activities achieved, loan assistance to various institutions, Methodology for preparation of potential linked credit plans (PLPs) and Development Projects in Andaman and Nicobar Islands.
David M. Malone, C. Raja Mohan, and Srinath Raghavan (eds.), Oxford Handbook of Indian Foreign Policy (OUP), 2015
Unlike many other aspects of its foreign policy, India’s international development program—or foreign aid, for short—displays a fairly stable pattern of continuity since independence. Although largely focused on South Asia, India has always given aid in some form to the rest of the developing world. Contrary to the claims of many analysts and Indian officials, India’s aid giving is neither unique nor uniquely attuned to developing country needs. Indian aid projects have largely served Delhi’s strategic interests, which used to be primarily military or diplomatic and since the 1980s are primarily economic. However, it is unclear to what extent aid has been effective in securing India’s foreign policy interests. In the final analysis, India’s aid program reflects the regional priorities of a rising power that is not yet able to buy the kind of influence it seeks.
India is considered as one of the fastest growing economies in the world. Agriculture is the mother of any economy, whether it is rich or poor. Much of its influence is on the other sectors of economy-industry and service. India is the second largest in farm output. Hence, India's economic security continues to be predicated upon the agriculture sector, and the situation is not likely to change in the near future. Even today, the share of agriculture in employment is about 49% of the population, as against around 75% at the time of independence. In the same period, the contribution of agriculture and allied sector to the Gross Domestic Product (GDP) has fallen from 61% to 17% in 2015-16. Around 51% of India's geographical area is already under cultivation as compared to 11% of the world average. China with lesser cultivable land produces double the food grains, i.e. 607 million tons in 2015-16 as compared with India's 252 million tons in 2015-16. The present cropping intensity of 136% has registered an increase of only 25% since independence. Further, rain fed dry lands constitute 65% of the total net sown area. There is also an unprecedented degradation of land (107 million ha) and groundwater resource, and also fall in the rate of growth of total factor productivity. This deceleration needs to be arrested and agricultural productivity has to be doubled to meet growing demands of the population by 2050. Natural resource base of agriculture, which provides for sustainable production, is shrinking and degrading, and is adversely affecting production capacity of the ecosystem. However, demand for agriculture is rising rapidly with increase in population and per capita income and growing demand from industry sector. There is, thus, an urgent need to identify severity of problem confronting agriculture sector to restore its vitality and put it back on higher growth trajectory. The problems, however, are surmountable, particularly when new tools of science and technology have started offering tremendous opportunities for application in agriculture. However, the country recorded impressive achievements in agriculture during three decades since the onset of green revolution in late sixties. This enabled the country to overcome widespread hunger and starvation; achieve self-sufficiency in food; reduce poverty and bring economic transformation in millions of rural families. The situation, however, started turning adverse for the sector around mid-nineties, with slowdown in growth rate of output, which then resulted in stagnation or even decline in farmers' income leading to agrarian distress, which is spreading and turning more and more serious. This Paper attempts to focus attention on Issues, Challenges and Government policies of Indian Agriculture in the context of Globalization.
A good comprehensive book that covers all major issues of Indian agriculture, over time and space, has been missing for a while, and here is one such book by Akina Venkateswerlu which can fill that void. With broad objective to cover all issues and give a political economy analysis at one place, the book becomes little bulky, with about 22 chapters, divided into seven parts. These essentially cover a long list of issues like colonial impact, land reforms, Green Revolution, Neoliberal reforms, credit, marketing, extension, PDS, procurement, WTO obligations, GM seeds, SEZs, post-globalization agrarian crisis, and mode of production, blending critical review, data and policy issues, covering seventy years. The breadth of issues covered at one place has its advantages. The book has an implicit framework of political economy, state policy being seen as an outcome of promoting interests of contending class forces. The book purports the efforts of the state to promote growth determined by the capital accumulation, the speed and the social character of the accumulating class. The standard narrative of this approach presents the policy failures and achievements as progressive and constrained process of aiding the capitalist development. The book in its part gives precisely these aspects, locating them since colonial times to the post-independent development. Chapter 1 discusses the impact of colonial policy on Indian agriculture, its forcible commercializing, taxation policies, creating complex semi-feudal structures in land, labour, credit and output markets and the resultant long-term stagnation and misery. The book also takes us at a great length through the failures of making progressive land redistribution (chapters 4 and 5) and resorting to technological options to increase the market surplus. The book puts the assessment of green revolution, including India, as of precarious dependence on US imports under PL 480 and its influence on our policy choices of technology. In spite of criticism, green revolution is hailed for boosting area under new seeds, productivity and output and in enabling the country to overcome acute food shortage, become self-sufficient, reduce rural poverty, increased modernization, per capital availability and an agrarian change. The book takes us through the achievements, growth from mid-seventies and eighties, increasing yields, expanded area and production. Chapters 7, 8 and 9 elaborately document
Journal of Peasant Studies, 2009
and-conditions-of-access.pdf This article may be used for research, teaching and private study purposes. Any substantial or systematic reproduction, redistribution , reselling , loan or sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The accuracy of any instructions, formulae and drug doses should be independently verified with primary sources. The publisher shall not be liable for any loss, actions, claims, proceedings, demand or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material.
2002
The author is a Social Scientist working as a Consultant in the OED Corporate The Wrorld Ban Evaluation and Methods Group (OEDCMV) of the World Bank. T1his paper isWhnnD available upon request from QED. Washigto,D.C OPERATIONS EVALUATION DEPARTMENT ENHANCING DEVELOPMENT EFFECTIVENESS THROUGH EXCELLENCE AND INDEPENDENCE IN EVALUATION The Operations Evaluation Department (OED) is an independent unit within the World Bank; it reports directly to the Bank's Board of Executive Directors. OED assesses what works, and what does not; how a borrower plans to run and maintain a project: and the lasting contribution of the Bank to a country's overall development. The goals of evaluation are to leam from experience, to provide an objective basis for assessing the results of the Bank's work, and to provide accountability in the achievement of its objectives. It also improves Bank work by identifying and disseminating the lessons learned from experience and by framing recommendations drawn from evaluation findings. OED Working Papers are an informal series to disseminate the findings of work in progress to encourage the exchange of ideas about development effectiveness through evaluation. The findings, interpretations, and conclusions expressed here are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries.
2002
The Operations Evaluation Department (OED) is an independent unit within the World Bank; it reports directly to the Bank's Board of Executive Directors. OED assesses what works, and what does not; how a borrower plans to run and maintain a project: and the lasting contribution of the Bank to a country's overall development. The goals of evaluation are to learn from experience, to provide an objective basis for assessing the results of the Bank's work, and to provide accountability in the achievement of its objectives. It also improves Bank work by identifying and disseminating the lessons learned from experience and by framing recommendations drawn from evaluation findings. OED Working Papers are an informal series to disseminate the findings of work in progress to encourage the exchange of ideas about development effectiveness through evaluation. The findings, interpretations, and conclusions expressed here are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries.
2002
This paper is one of the background papers prepared as an input to the India Country Assistance Evaluation (Task Manager: Mr. Gianni Zanini) by the Operations Evaluation Department (OED) of the World Bank. Findings are based on a review of project appraisal and completion reports, sector reports, and a number of other documents produced by the Borrower, the Bank, OED, and research papers. An OED mission visited India in April/May 1999. The mission interviewed current and retired government officials and Indian experts. Bank staff were interviewed at both headquarters and in the field office. Their valuable assistance is gratefully acknowledged. Peer reviewers were Messrs. Anandarup Ray (Consultant), and Sohail Malik and Ms. Alison Evans (OEDCR). An earlier version of this paper was reviewed by Ms. Valerie Kozel (SASPR) on behalf of the Bank's India poverty team, and Stephen Howes (ASAPR) and Martin Ravallion (DECRG) provided additional comments and advice. Poverty issues were also discussed in the context of a workshop on agricultural and rural development in New Delhi, on April 5, 2000 chaired by Professor Vijay Vyas and with the participation of central and state government officials, academics and members of research institutes, and other representatives of civil society.
isara solutions, 2010
India is essentially an agribusiness based nation and the individuals of India actually determine a great deal up on horticulture efficiency for their occupation. The farming area likewise goes about as spine of the Indian economy which additionally underpins the infrastructural improvement. It helps the railroads and street moves that get a major volume of business from the development of farming things starting with one spot then onto the next spot and subsequently procuring considerable converse. Employments of better and progressed methods of credit are essential for horticultural turn of events. The utilization of hardware, types of gear and different sources of info isn't feasible for the ranchers without getting the monetary assistance as advance and advances from the public authority and its supported monetary organizations. This assistance to the rancher is looking like credit/advances and sponsorships. Without a doubt, credit has assumed extremely critical part in the advancement of agribusiness in Bihar since autonomy. The primary reason for this examination paper was to achieve into light the significance of banking area uncommonly the significance of nationalized banks which assume a significant function in giving horticulture credit and to eliminate them from the grip of neighbourhood moneylenders.
India Review, 2015
It is normally taken for granted that in the underdeveloped economy of India, people below the poverty line and the poor farmers need lots of doles, subsidy, support of formal institutions and market supportive mechanism to ameliorate their condition. The so called green revolution in agriculture with their elaborate paraphernalia of inputs including irrigation, high yielding varieties of seeds, chemical fertilizers, pesticides, farm mechanization, formal credit systems, regulated marketing and limited crop insurance practices have not been of much use to the general farmers in India. It led to some form of agrarian prosperity in the initial phase when labor cost was low and the productivity, with limited application of fertilizer and pesticide, was high. Over time the structural inequality in the caste system, the land distribution and the dependence of the farmers on the external agencies have made them remain indebted to both the informal moneylenders and the formal agencies so much so that farmers' suicide has attracted attention of the policy makers. This paper is an attempt to unravel the truth historically and contextually.
Journal of Agrarian Change, 2009
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