Implication of Technology on Economic Progress of Farmers: A Case of India

This paper stresses the implication that technology has an important role in the economic progress of farmers. Analysis through the structural equation modelling reveals that technology has a high impact on a significant portion of the rural areas. With 150 respondents from the Osmanabad district of the state of Maharashtra this study focusses on two major reasons for adoption of agro technology. The initial schedule contained 116 items on various dimensions of self-motivation, external influences, social development, economic development, economic progress, health, and behavioral aspects. 90 items were retained. Since it is a multivariable study, confirmatory factor analysis and Structural Equation Modeling (SEM) are used in this study for data analysis in addition to parametric statistical tools. SPSS (20.0) and AMOS has been used for the same. It has been found that there is a correlation between technology and economic progress of farmers and that health consciousness has increased and the behavioral pattern has changed among farmers in rural areas.