What was the major reason for decline in growth rate of agriculture sector after the reforms of 1991?

Decline in public investment in agriculture sector

The correct answer is Option 1: Decline in public investment in agriculture sector

After the initiation of reforms, the growth rate of agriculture sector decelerated to about 3 per cent per annum during the 1991-2012, which was lower than the earlier years. In recent years, this sector has become volatile. During 2014-15, the GVA growth rate of agriculture and its allied sectors was less than one per cent. Scholars identify decline in public investment since 1991 as the major reason for this.

Decline in the interest of laborers in working in this sector: While there may have been some shift in labor preferences, it was not the primary factor contributing to the decline in agricultural growth.