<p class=\"MsoNormal\" style=\"text-align: justify;\"><strong><em><span style=\"font-size: 14.0pt; font-family: \'Times New Roman\',\'serif\';\">Abstract </span></em></strong></p>
<p class=\"MsoNormal\" style=\"margin-bottom: 0.0001pt; text-align: justify;\"><strong><em><span style=\"font-size: 12.0pt; font-family: \'Times New Roman\',\'serif\';\">&lsquo;Agriculture is the backbone of the Indian Economy&rsquo;, a world known phrase for the Indian economy. It is widely acknowledged by the academician and policy makers that the growth of agriculture sector is the prerequisite for the inclusive development of an economy. It was also mentioned by the several economist in the growth models i.e. Gurnnar Myrdal, Rostow, Libenstine and also found in the Gandhian perspective of economic development. But what seems to be happened in Indian economy over the last two decades. During past two decades majority of farmers have become poor and harried outcasts in their own country with no respectful place in the economic policy. Agriculture has become a relatively unrewarding profession causing abandoning of farming and increasing migration. It brings out the fact that something is terribly wrong in the countryside (Swaminathan-2006). &nbsp;The farm economy of the country is at the back foot during the reforms period. The mismatch between the increasing aspirations of the rural masses and the inability of the State and its economic model to satisfy these aspirations is not new. But the gap seems to be widening significantly after the launched of economic reforms in the early 1990s. There is no doubt that the growth process of the Indian economy has been highly impressive and that many of the macroeconomic indicators have also been equally impressive. According to the neo-liberal economic theory, such a growth performance should have resulted in the trickling down of benefits to the lower section of the society thereby lifting the laboring poor out of the poverty and various forms of deprivation. But the gap between income and expenditure of agriculture as well as the gap between the incomes of rural and urban has been widen during the reforms period. It has an outcome of the declined farm and factor productivity and lack of, off farm employment opportunities. On the other hand the development policies are urban centric. Nonetheless, we are far away from the goal of inclusive development. The present paper focuses on the factors that are responsible for the declining agricultural productivity and deterioration of the rural and agrarian economy. It has also pointing towards the impact of the deterioration of farm economy on the inclusive development of the Indian economy.&nbsp; </span></em></strong></p>
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<p class=\"MsoNormal\" style=\"margin-bottom: 0.0001pt; text-align: justify;\"><strong><em><span style=\"font-size: 13.0pt; font-family: \'Times New Roman\',\'serif\';\">Key Words-: &nbsp;Agrarian Economy, Inclusive Development, Farm Crisis.&nbsp; </span></em></strong></p>
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