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The problems of poverty in India remain intractable, but not because redistributive objectives were inadequately considered in the planning preparations. Instead, the main constraint is rooted in the realities of a political system dominated by a complex constellation of forces representing mainly rich farmers. In such a context it is touchingly naive not to anticipate the failures of asset-distribution policies; see Bardhan (1974, p. 261). Our classification of the Indian society in the early 1960’s as a landlord-leader type would be essentially in agreement with Bardhan. Application of the landlord-leader model to India is also consistent with thorough analysis made by authorities on India; for example Thorner(1956), Myrdal (1968), Joshi (1975). It is essential first to substantiate our estimation of the Indian political system as primarily a landlord-leader model before proceeding to the estimation of the parameters of the model and to its application for the evaluation of agrarian reform.
KeywordsFinancial Asset Institutional Credit Basic Projection Simulated Measure Agrarian Reform
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