In 2010-11, India produced 121 million tonne of milk, which is close to 17% of global milk production. During the year, dairy cooperatives collected 9.6 million tonne of milk, a growth of around 1% over last year. Liquid milk marketing by cooperatives increased by around 4% over the previous year and was about 8.2 million tonne in 2010-11. Explaining that higher GDP growth, increased incomes in rural areas through schemes like...
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Farmer Groups to meet Manmohan Singh to press for FDI in retail by Nidhi Nath Srinivas
Leaders of farmer groups are meeting Prime Minister Manmohan Singh on Monday to press for allowing FDI in retail. Leaders from four states with lion's share in India's farm GDP--Punjab, Maharashtra, Andhra Pradesh, Karnataka -- will be part of the delegation. "We will give December 31 as deadline for implementation of FDI. After that we will begin a nationwide stir," said PV Chengal Reddy, who heads Confederation of Indian Farmers, a...
More »The Challenge of Inequality by Anil Padmanabhan
What is common between Brazil, Russia, India and China? That’s easy. They are the so-called BRIC countries. But, what is common between these BRIC countries and other emerging economies such as Indonesia, Argentina and South Africa? The answer: inequality. This disconcerting connect between these emerging economies is the focus of a report released last week by the Organization for Economic Cooperation and Development (OECD), the think tank for the club of...
More »Lopsided growth by Venkitesh Ramakrishnan
U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...
More »India's income inequality has doubled in 20 years
-The Times of India Inequality in earnings has doubled in India over the last two decades, making it the worst performer on this count of all emerging economies. The top 10% of wage earners now make 12 times more than the bottom 10%, up from a ratio of six in the 1990s. Moreover, wages are not smoothly spread out even through the middle of the distribution. The top 10% of earners make...
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