Drought impacted agricultural production but not farm incomes. The year 2009-10 was supposedly a bad year for Indian agriculture, given the worst ever monsoon since 1972. This is partly reflected in the 0.2 per cent growth registered by the farm sector (inclusive of forestry and fishing) in real terms, as per the Central Statistical Organisation's latest revised estimates of gross domestic product (GDP) for last fiscal. The virtual stagnation in agricultural output...
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“Future belongs to nations with grains, not guns” by Gargi Parsai
Noted agriculture scientist and Rajya Sabha member M.S. Swaminathan on Wednesday asked the government to formulate a well-devised strategy to maximise the benefit of a good monsoon (that is predicted) to achieve a growth rate of at least five per cent in farm and allied sectors. “Climate-resilient agriculture” “Had we had a scientific monsoon management strategy, we could have minimised the loss last year,” he said inaugurating the National Consultation...
More »‘With good monsoon, farm growth rate will be robust' by Gargi Parsai
Thanks to predictions of a good monsoon, Planning Commission member Abhijit Sen has projected a robust growth rate of five per cent from 0.2 per cent in agriculture and allied sectors in 2010-11. From the earlier estimate of -0.2 per cent last year, the growth rate has been revised to 0.2 per cent. Dr. Sen, who is in charge of the farm and food sector in the Commission, said food inflation was...
More »food inflation rises to 16.49%
India's annual food inflation edged up for the second week, rising to 16.49% for the week ended May 8 as shown by the official data released on Thursday. The food inflation stood at 16.44% the previous week, up from 16.04% for the week ended April 24. Data on the wholesale price index (WPI) released by the commerce and industry ministry showed that food inflation rose though the index for this...
More »UN agency worried about India’s food inflation
A UN expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5% this year from around 12% last year. The UN Economic Social Commission for Asia and Pacific (Escap) also projected the economy to grow by 8.3% in 2010-11, compared to estimated 7.2% last fiscal, fueled by the recovery in investment and private consumption. “In India, consumer...
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