The Indo-Asean FTA provides an opportunity to be more engaged with the region This is an important week for Prime Minister Manmohan Singh. Over the weekend, at the Fourth East Asia Summit in Thailand, he will witness the final fruition of the second most important foreign policy initiative he took during his first term in office — the India-Asean Free Trade Agreement. This should ensure he will be in better...
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Skyrocketing prices may be bad news but the worst is yet to come!
Between 2005 and 2007, the world saw doubling of the prices of wheat, coarse grains, rice and oilseed crops and they continued rising in early 2008. It has been predicted by an OECD study (2008) that on average over the coming ten-year-period, prices in real terms of cereals, rice and Oilseeds are projected to be 10% to 35% higher than in the past decade. This means more trouble for the...
More »Drought management for rural livelihood security
Agriculture is not just a food producing machine but the backbone of the livelihood of 60 per cent of Indians. The extensive drought spotlights a situation of mass rural deprivation and a mindset that is insensitive to it. But there are some encouraging signs. What should be done to meet the challenge? There are reports in financial newspapers that the ongoing drought affecting nearly 200 districts in the country may...
More »INCLUDE RAIN-FED FARMING IN AGRICULTURE POLICY
The 2009 drought has once again highlighted the need for farming drought hardy crops such as millets and coarse grains instead of water guzzling paddy and wheat in the country’s water deficient areas. Officially, about 70 per cent of India’s cultivable land is un-irrigated and falls in the country’s most backward dry-lands. It is a proven fact that India’s rich diversity of resilient millet crops are the farmer’s best protection...
More »Key Facts
Output and Growth According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...
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