Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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        LATEST NEWS UPDATES | Factories to contribute more to national income than farmers by Surabhi    </title>
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ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. 


That does..."/>
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ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. 


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                            <p align="justify"><br /><font >ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. </font></p><p align="justify"><font >That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take away the fact that the share of manufacturing is still below desired levels. </font></p><p align="justify"><font >As per the advance estimates of GDP growth in 2009-10 released by the Central Statistical Organisation in February, the manufacturing sector was expected to contribute Rs 7,07,512 crore to the economy, overtaking the Rs 6,49,370 crore from agriculture, forestry, and fishing. </font></p><p align="justify"><font >That would make manufacturing the second biggest contributor to the GDP among the major sub-sector, but its relative share is well below that of many of India&rsquo;s peers. For instance, in China, value add by industry has a near 48% share in the national income. </font></p><p align="justify"><font >However, a recent CII-BCG report says that India, the 13th largest manufacturing economy in the world, could emerge as the fourth largest manufacturer if the sector grows by 11% in the next 15 years. &ldquo;The share of manufacturing in the GDP has stuck at about 18%. It should grow up to 30% in the next five to 10 years. Only then can the economy sustain a growth of 9% to 10%,&rdquo; says Saumitra Chaudhuri, member, Planning Commission. </font></p><p align="justify"><font >Experts are, however, unanimous in that the industrial sector needs to generate lot more employment. &ldquo;Its (manufacturing) share in GDP is going to be higher by about 15% to that of agriculture, but dependency is too low compared to agriculture,&rdquo; says P K Joshi, Director, National Academy of Agricultural Research Management, arguing for a greater employment generation in manufacturing. </font></p><p align="justify"><font >The real structural change in the Indian economy would occur only when lesser people are employed in agriculture, says Suresh Tendulkar, former chairman of the Prime Minister&rsquo;s Economic Advisory Council. In fact, India&rsquo;s structural transition has been different from many other economies, with intermediate manufacturing stage not growing as desired. </font></p><p align="justify"><font >&ldquo;The Indian economy has jumped from an agrarian to a service centric economy. The services sector has been unable to absorb the vast unskilled population,&rdquo; says Sunil Sinha, senior economist and head of research at rating agency Crisil. <br /></font></p>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/Factories-to-contribute-more-to-national-income-than-farmers/articleshow/5983122.cms" class="re" target="_blank">The Economic Times, 28 May, 2010, http://economictimes.indiatimes.com/news/economy/indicators/Factories-to-contribute-more-to-national-income-than-farmers/articleshow/5983122.cms</a><div class="clear"></div>
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ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. 


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ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. 


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    <h1 class="cat-box-title">Factories to contribute more to national income than farmers by Surabhi</h1>
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                            <p align="justify"><br /><font >ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. </font></p><p align="justify"><font >That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take away the fact that the share of manufacturing is still below desired levels. </font></p><p align="justify"><font >As per the advance estimates of GDP growth in 2009-10 released by the Central Statistical Organisation in February, the manufacturing sector was expected to contribute Rs 7,07,512 crore to the economy, overtaking the Rs 6,49,370 crore from agriculture, forestry, and fishing. </font></p><p align="justify"><font >That would make manufacturing the second biggest contributor to the GDP among the major sub-sector, but its relative share is well below that of many of India&rsquo;s peers. For instance, in China, value add by industry has a near 48% share in the national income. </font></p><p align="justify"><font >However, a recent CII-BCG report says that India, the 13th largest manufacturing economy in the world, could emerge as the fourth largest manufacturer if the sector grows by 11% in the next 15 years. &ldquo;The share of manufacturing in the GDP has stuck at about 18%. It should grow up to 30% in the next five to 10 years. Only then can the economy sustain a growth of 9% to 10%,&rdquo; says Saumitra Chaudhuri, member, Planning Commission. </font></p><p align="justify"><font >Experts are, however, unanimous in that the industrial sector needs to generate lot more employment. &ldquo;Its (manufacturing) share in GDP is going to be higher by about 15% to that of agriculture, but dependency is too low compared to agriculture,&rdquo; says P K Joshi, Director, National Academy of Agricultural Research Management, arguing for a greater employment generation in manufacturing. </font></p><p align="justify"><font >The real structural change in the Indian economy would occur only when lesser people are employed in agriculture, says Suresh Tendulkar, former chairman of the Prime Minister&rsquo;s Economic Advisory Council. In fact, India&rsquo;s structural transition has been different from many other economies, with intermediate manufacturing stage not growing as desired. </font></p><p align="justify"><font >&ldquo;The Indian economy has jumped from an agrarian to a service centric economy. The services sector has been unable to absorb the vast unskilled population,&rdquo; says Sunil Sinha, senior economist and head of research at rating agency Crisil. <br /></font></p>                                                           
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        LATEST NEWS UPDATES | Factories to contribute more to national income than farmers by Surabhi    </title>
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ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. 


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ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. 


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    <h1 class="cat-box-title">Factories to contribute more to national income than farmers by Surabhi</h1>
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                            <p align="justify"><br /><font >ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country&rsquo;s farmers, marking a significant shift in the structure of the India economy. </font></p><p align="justify"><font >That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take away the fact that the share of manufacturing is still below desired levels. </font></p><p align="justify"><font >As per the advance estimates of GDP growth in 2009-10 released by the Central Statistical Organisation in February, the manufacturing sector was expected to contribute Rs 7,07,512 crore to the economy, overtaking the Rs 6,49,370 crore from agriculture, forestry, and fishing. </font></p><p align="justify"><font >That would make manufacturing the second biggest contributor to the GDP among the major sub-sector, but its relative share is well below that of many of India&rsquo;s peers. For instance, in China, value add by industry has a near 48% share in the national income. </font></p><p align="justify"><font >However, a recent CII-BCG report says that India, the 13th largest manufacturing economy in the world, could emerge as the fourth largest manufacturer if the sector grows by 11% in the next 15 years. &ldquo;The share of manufacturing in the GDP has stuck at about 18%. It should grow up to 30% in the next five to 10 years. Only then can the economy sustain a growth of 9% to 10%,&rdquo; says Saumitra Chaudhuri, member, Planning Commission. </font></p><p align="justify"><font >Experts are, however, unanimous in that the industrial sector needs to generate lot more employment. &ldquo;Its (manufacturing) share in GDP is going to be higher by about 15% to that of agriculture, but dependency is too low compared to agriculture,&rdquo; says P K Joshi, Director, National Academy of Agricultural Research Management, arguing for a greater employment generation in manufacturing. </font></p><p align="justify"><font >The real structural change in the Indian economy would occur only when lesser people are employed in agriculture, says Suresh Tendulkar, former chairman of the Prime Minister&rsquo;s Economic Advisory Council. In fact, India&rsquo;s structural transition has been different from many other economies, with intermediate manufacturing stage not growing as desired. </font></p><p align="justify"><font >&ldquo;The Indian economy has jumped from an agrarian to a service centric economy. The services sector has been unable to absorb the vast unskilled population,&rdquo; says Sunil Sinha, senior economist and head of research at rating agency Crisil. <br /></font></p>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/Factories-to-contribute-more-to-national-income-than-farmers/articleshow/5983122.cms" class="re" target="_blank">The Economic Times, 28 May, 2010, http://economictimes.indiatimes.com/news/economy/indicators/Factories-to-contribute-more-to-national-income-than-farmers/articleshow/5983122.cms</a><div class="clear"></div>
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Factories to contribute more to national income than farmers by Surabhi

Published on May 28, 2010   Modified on May 28, 2010

ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country’s farmers, marking a significant shift in the structure of the India economy. That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take away the fact that the share of manufacturing is still below desired levels. As per the advance estimates of GDP growth in 2009-10 released by the Central Statistical Organisation in February, the manufacturing sector was expected to contribute Rs 7,07,512 crore to the economy, overtaking the Rs 6,49,370 crore from agriculture, forestry, and fishing. That would make manufacturing the second biggest contributor to the GDP among the major sub-sector, but its relative share is well below that of many of India’s peers. For instance, in China, value add by industry has a near 48% share in the national income. However, a recent CII-BCG report says that India, the 13th largest manufacturing economy in the world, could emerge as the fourth largest manufacturer if the sector grows by 11% in the next 15 years. “The share of manufacturing in the GDP has stuck at about 18%. It should grow up to 30% in the next five to 10 years. Only then can the economy sustain a growth of 9% to 10%,” says Saumitra Chaudhuri, member, Planning Commission. Experts are, however, unanimous in that the industrial sector needs to generate lot more employment. “Its (manufacturing) share in GDP is going to be higher by about 15% to that of agriculture, but dependency is too low compared to agriculture,” says P K Joshi, Director, National Academy of Agricultural Research Management, arguing for a greater employment generation in manufacturing. The real structural change in the Indian economy would occur only when lesser people are employed in agriculture, says Suresh Tendulkar, former chairman of the Prime Minister’s Economic Advisory Council. In fact, India’s structural transition has been different from many other economies, with intermediate manufacturing stage not growing as desired. “The Indian economy has jumped from an agrarian to a service centric economy. The services sector has been unable to absorb the vast unskilled population,” says Sunil Sinha, senior economist and head of research at rating agency Crisil.

The Economic Times, 28 May, 2010, http://economictimes.indiatimes.com/news/economy/indicators/Factories-to-contribute-more-to-national-income-than-farmers/articleshow/5983122.cms

Tagged with: Agriculture

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