ABSTRACT
When India embarked in the era of planned economic development with the fi rst fi ve-year plan in 1950-51, it faced shortage of food supplies due to low productivity and traditional methods of production applied in agriculture. To overcome food shortages, India attempted several institutional changes such as land reforms and consolidation of landholdings, and also created basic infrastructure such as modern irrigation system, research and extension system and right mix of input and output markets. The strategy of green revolution succeeded in the state of Punjab, with rising productivity of food grains multiple times especially wheat and rice. This increase was mainly because of forward-looking entrepreneurial skills of Punjabis, who were ready to take risks for making investment in agriculture and who were supported by the state while enacting the right kind of institutions and infrastructural facilities.
