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LATEST NEWS UPDATES | Budget 2020 | Economic revival has agriculture as a good starting point -Siraj Hussain

Budget 2020 | Economic revival has agriculture as a good starting point -Siraj Hussain

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published Published on Jan 22, 2020   modified Modified on Jan 22, 2020
-Moneycontrol.com

Since the general elections, the agriculture sector has taken a back seat as the economy has itself touched new lows

Since public memory is short, there is every likelihood that food inflation of 14.12 per cent in December 2019 will obfuscate the last four year’s history of low prices of food items. Vocal sections of urban India would do well to remember that in January 2017, May to August 2017 and July 2018 to January 2019, food inflation in urban areas was in the negative and for many crops, farmers were not recovering even their cost of cultivation.

The current surge in food inflation should not hide the fact that the agriculture sector has been facing acute distress. Recent rise in food prices, especially vegetables, will not sustain for long as a bumper rabi crop will cause dip in prices of most food crops.

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Moneycontrol.com, 21 January, 2020, https://www.moneycontrol.com/news/business/budget/budget-2020-economic-revival-has-agriculture-as-a-good-starting-point-4839111.html


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