The Story of Village Palampur

What is the main economic activity in the village of Palampur?

Farming is the main activity in Palampur.

What are the four factors of production?

Land, Labor, Physical Capital, and Human Capital.

What percentage of the working population in Palampur is engaged in agricultural activities?

Around 75% of the working people in Palampur have jobs dependent on agricultural activities.

What issue does Palampur face regarding agricultural land since 1960?

The amount of land dedicated to cultivation has remained the same despite a rising population.

What is multiple cropping?

The practice of growing more than one crop on the same piece of land in a year.

How do farmers of Palampur irrigate their land?

Farmers use tube wells for irrigation, which were first introduced in the 1960s.

What is the impact of the Green Revolution on farming in India?

It led to significant increases in crop yields by introducing High Yield Variety (HYV) seeds.

What are the two types of physical capital?

Working Capital and Fixed Capital.

What is the daily wage of an agricultural laborer set by the Indian government in March 2019?

300 rupees.

What challenges do small farmers face regarding capital for modern farming?

They often borrow money at high interest rates from large farmers or money lenders.

What role do shopkeepers play in the economy of Palampur?

Shopkeepers buy goods wholesale and sell them in the village, often converting parts of their homes into stores.

How much of the working population in Palampur is involved in non-farming activities?

Less than 25% of the working population.

What are some of the non-farming activities in Palampur?

Dairy, small scale production, transport, and shopkeeping.

What effect do chemical fertilizers have on the soil in Palampur?

They degrade the soil quality over time.

How is land distributed among the families in Palampur?

1/3 of families do not own land and the remaining families have varying amounts, with many being small farmers.