Agricultural Growth and its Impact on Gross State Value Added (GSVA): An Econometric Analysis of Major Crop Sectors in Haryana

AJAY KUMAR; G Johns Tiyndel

doi:10.56093/ijas.v95i9.164710

Authors

AJAY KUMAR CCSHAU HISAR
G Johns Tiyndel

https://doi.org/10.56093/ijas.v95i9.164710

Abstract

Agriculture remains a vital primary sector in Haryana and contributing significantly to both the state's economy as well as India's food security. The basic objective of the research was to investigate the relationship between the Gross State Value Added (GSVA) and the output of major agricultural sub-sectors (cereals, pulses, and oilseeds) in Haryana by using an econometric analysis. This study aimed to analyze how changes in the output of key agricultural sectors has impacted the GSVA of the state over the period of 30 years from 1993-94 to 2022-23. The time series data were collected from the various issues of state statistical abstract of Haryana and other government publications related to the objective of the study. Data were analyzed by using the ordinary least square method and the Augmented Dickey Fuller test. The results revealed that output from two sectors (cereals and oilseeds) have a positive and significant relationship with GSVA, whereas pulses has exhibited a negative relationship. Therefore, study suggested that Government of Haryana may strengthen their policies and support for cereal and oilseed production and addressing challenges in the pulse sector for better contribution and agricultural growth in future.

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Author Biography

AJAY KUMAR, CCSHAU HISAR

Â
ICAR-NAHEP, NEW DELHI-110012Â

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