by K. N. Raj, Professor of Monetary Economics, Delhi School of Economics
Agrarian reforms have bv now abolished most of the feudal land tenures widespread in India before independence, but legislation for the protection of small tenant farmers has in many areas remained a dead letter. This has led, in Professor Raj's view, to the emergence of a new class of medium- and large-scale capitalist farmers; and he discusses the implications of these developments in the light of India's long-term need for a high rate of increase in food production.