Economic and technological systems all over the globe are changing rapidly. However, the intensity and impact of these changes are more pronounced in developing countries. In India, although the reforms of economic liberalization and structural adjustments initiated in 1991 were not explicitly directed to agriculture they are expected to impact agriculture sector significantly. The impact may be more visible with completion of second phase of the reforms covering financial sector, public organization, protection of intellectual property and labour organization ( Vyas, 2001). This, coupled with trade led growth opportunities and challenges and technological revolutions are expected to transform Indian agriculture significantly. Further growth in agriculture could be achieved mainly through increasing productivity which is only possible through accelerated development and dissemination of improved technologies ( Mruthyunjaya et.al., 2002). The experience of the green revolution has also shown that besides technology incentives like prices are of paramount importance for technology led growth in hybrids, integrated crop management, water shed development, bio-inputs etc., and this could not be realized due to lack of proper institutions ( Pal et.al., 1998 and Kolavalli and Kerr, 2002).
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