A shift from the traditional rice-wheat cycle and linking farmers directly to the market can end the current stagnation in farm sector, according to the economic survey 2010-11 tabled in the Parliament on Friday.The survey stated that capital investment were required not only for farm productivity but also to create adequate infrastructure for transport, storage and distribution of agricultural produce. The stagnation is evident from the fact that whereas overall GDP...

Policy reforms required to bring about better convergence of schemes Streamlining of environment clearance for infrastructure projects suggested Higher farm sector share in economic development needed The economic survey 2010-11 has advised the government to carry out nearly a dozen reforms pertaining to various sectors of the economy and stressed that action in this regard would be necessary to achieve the 9 per cent GDP (gross domestic product) expansion projected for 2011-12 and...

The sharp rise in food prices inflation will remain a major cause of concern as inflationary pressures on the domestic front are likely to be exacerbated by higher levels of global commodity prices, the economic survey has said. It also indicated that the political turmoil in the Middle East and the “easy money” policy being followed by developed nations trying to jump-start their own economies after the global recession of 2008-09...

The survey called for a “Second Green Revolution with technological breakthrough in the agriculture sector” to boost farm output and ensure the food security of the country The economic survey on Friday pegged the country’s agriculture sector growth at 5.4% in the current fiscal, as against 0.4% in the previous year. The survey also called for a “Second Green Revolution with technological breakthrough in the agriculture sector” to boost farm output and...

The economic survey has been silent on the proposed National Food Security Bill and the projections of foodgrains needed to provide food security to citizens. The chapter on Agriculture and Food Management talks of supply-side constraints, the need to feed a growing population, the procurement and off take of foodgrains, buffer stocks of foodgrains, food subsidy, the targeted public distribution system (TPDS), and the central issue price (CIP) of foodgrains, but...