Just over a year since it was crippled by a drought, India’s agriculture sector is firing on all cylinders again, a much-needed turnaround that could keep overall growth high and make fighting inflation easier. The country looks set to reap its second-highest harvest of foodgrains in 2010-11, which includes an estimated 81.47 million tonnes of wheat alone, agriculture minister Sharad Pawar said on Wednesday. Apart from cereals, record output in pulses...
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Government estimates foodgrains production at 232.07 million tonnes in 2010-11
The second advance estimates of crop production for 2010-11 released by Ministry of Agriculture has projected India's foodgrain production at 232.07 million tonnes during 2010-11 compared to 218.11 million tonnes last year. This is only marginally below the record production of 234.47 million tonnes of foodgrains in 2008-09. India is forecasted to achieve record production of wheat (81.47 million tonnes), pulses (16.51 million tonnes) and cotton (339.27 lakh bales of 170...
More »Agriculture growth target at 4% for 12th Plan: Montek Singh Ahluwalia
The Planning Commission today said the annual agriculture growth target for the 12th Five Year Plan (2012-17) would be set at 4% as it was in the previous two plans. The Planning Commission deputy chairman Montek Singh Ahluwalia also said, "During the current five year plan (2007-12) we are likely to achieve average farm growth of about 3.5%, which would be little lower than targeted 4%." Ahluwalia who was conferred a doctorate...
More »Agriculture rebound driving India's GDP growth by Ashutosh Sinha
Agriculture, which had dragged down growth during UPA's first term, is now helping the GDP numbers shine. Good monsoon has helped drive the growth expectations comfortably over 5 per cent, adding some new shine to the economy. According to Advance Estimates, the government expects that the 8.6 per cent growth of the economy during the current fiscal will be powered by agriculture growing at 5.4 per cent, a big jump over...
More »The tenacity of hope by Dipankar Gupta
Since Cairo took to the streets, there is one question that comes up repeatedly in India. How have we been saved from such anarchy, in spite of our faltering democracy? True, Egypt's growth, between 5% and 7%, has been less spectacular than ours. But its per capita income swelled from $587 in 1981 to $1461 in 2001. Even its deficit as a percentage of GDP has fallen from 10.2% in...
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