NEW DELHI: Greater investment in agriculture in transforming economies like India is vital to the welfare of 600 million rural poor, mostly in Asia, says the latest World Development Report (WDR) of the World Bank.
Presenting the India highlights of the report here on Friday, WDR co-author Alain de Janvry said there was "much mis-spending on agriculture" in India, with investments accounting for only 25 percent of public expenditure, while subsidies took up 75 percent.
Presenting the India highlights of the report here on Friday, WDR co-author Alain de Janvry said there was "much mis-spending on agriculture" in India, with investments accounting for only 25 percent of public expenditure, while subsidies took up 75 percent.
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