-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...
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70% of Indians eat non-veg, but veg diet getting popular
-The Times of India NEW DELHI: Even as India is rapidly growing as a major market for chicken and fish, awareness about health benefits of a vegetarian diet may also be catching up fast among people. Though 70% of Indians above 15 years of age are still non-vegetarians, the numbers are expected to decline, a nationwide survey conducted in 2014 and released recently by the Registrar General of India (RGI) showed. In...
More »From plate to plough: A barren field -Ashok Gulati & Shweta Saini
-The Indian Express NDA government’s plans for agriculture are still to bear fruit As the Modi government celebrates two years in office, any review of its functioning will be incomplete without examining its record on the farm front. In the two years (FY15 and FY16), while the economy grew at 7.2 per cent and 7.6 per cent respectively, agriculture and the allied sector grew at -0.2 per cent and 1.1 per cent....
More »Modi govt wakes up too late to the agrarian crisis -Sayantan Bera
-Livemint.com A look at the past three budgets shows that the government took note of the crisis only in 2016 On 24 April 2014, about a month before Narendra Modi-led National Democratic Alliance (NDA) formed a new government at the centre, the India Meteorological Department made an ominous forecast. The four-month-long southwest monsoon which irrigates more than half of India’s farmlands was likely to be deficient. Over the next few months the...
More »Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
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