ABSTRACT
Investments, capital movements, and migration are important processes of change. State social-policy interventions, or their absence, are equally important, as are overall investments in physical infrastructure. An important change is that almost all paddy varieties grown today are of the high-yielding kind. A dramatic change is the dwindling water supply in the Kaveri river system, owing to the water dispute with Karnataka since the lapse of the water-sharing agreement between the States in 1974. India has had roughly the same level of progress as the rest of the developing countries excluding China. The Indian government has had to admit the lack of credibility of its figures implicitly by appointing a new committee to develop a new methodology for estimating the incidence of poverty. Income of an agrarian household in any particular year in an agrarian economy that is dependent on the vagaries of the monsoon and the market is certainly a volatile variable.
