This paper assesses total factor productivity (TFP) growth in India, examines the sources of productivity growth, including public and private investment, and estimates the rates of return to public investments in agriculture. The results show that significant TFP growth in the Indian crops...

India's investments in agricultural research, extension, and irrigation have made it one of the largest publicly funded systems in the world. But some policymakers who perceive that the benefits to research may be declining are advocating a cut back on public spending on research. This research...