Introduction:

Literature Review:

The agriculture sector has played an important role in the economic development of the developing world and in this regard, the developing world has witnessed the massive progress in crop production over the time span of last half century even under scenario increasing land prices and land scarcity. Consequently, It can be viewed from this fact that cereals crop production has seen three fold increase with increase of 30% area of land (ref) and thereby this factor contributed in acceleration of economic growth in the said period (ref.akmal). This increase of crop production is attributed to the Green Revolution which was introduced in order to gain maximum benefits from the agriculture sector (ref). Green revolution was termed as the development of modern or high yielding crop varieties (MVS) for better results in the developing world’s agriculture which began in 1950s. Furthermore, in mid 1960s the scientists developed  MVS of rice and wheat and that were subsequently released to Latin America and Asia and these were adopted in tropical and sub tropical regions with good irrigation system and reliable rainfall patterns (ref). This production growth also belied the fears which were presented by the Malthus in his famous theory of population which stated that the world would be full of misery and hunger due to increase of population geometrically and increase of resources arithmetically as due to the green revolution much of the developing world was able to overcome their chronic food deficits (ref). Much of this green revolution was caused by the combination of high rates of success caused by combination of high rates of investment in crop research and infrastructure development along with market development and appropriate policy (ref) and its impacts where more pronounced for those countries with poor investment on research process (ref).

The rapid increase in the output of agricultural crops which was caused by the introduction of green revolution was due to impressive increase of per hector yield of these crops during the time span of 1960 to 2000. The yield of different crops in developing world increased by 208% for wheat, 208% for wheat, 109% for rice 157% for maize, 78% for potatoes and 36% for cassava (reference). Further to this, the development and adoption of technologies due to Green Revolution also played its role in fall in the food prices by strategic shift in the supply function of the food. (refe). This can be evident from this factor that during the time period of 1960 t0 2000 developing countries witnessed the 12-13% increase in the food supply (ref). Furthermore, the impact of the green revolution can be estimated on the growth can easily been view from this fact that in the absence of these technical advancement of Green revolution, the developing world would have been at loss because it was estimated that the production of food in developing world would have been lower by almost 20% followed by the increase in the world food and feed prices by 35 to 65% and consequently, in that scenario the average caloric availability would be affected by this and there would be decline of 11% (ref).