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Abstract
Analytical work on agricultural research investments has been constrained by lack of reliable data. This report seeks to fill this void by providing detailed time-series data on research and extension investments. This takes our work in NCAP Policy Paper 3 'Research Priorities in Indian Agriculture' further. Analyses of growth in and determinants of research and extension investments would be useful for policy makers and researchers. The authors have also attempted to review and highlight ongoing reforms in the national agricultural research and extension systems, which are intended to improve the efficiency of these investments.