-The Economic Times The crops sub-sector accounted for nearly 62% of the agriculture and allied sector in 2011-12, which has gradually come down to about 58% in 2016-17. NEW DELHI: The share of agriculture, forestry and fishing declined to 17.9% in India’s gross value added (GVA) in 2016-17 from 18.6% in 2013-14, the ministry of statistics and programme implementation (MoSPI) said in a report. “The share of this sector in overall GVA...
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Agriculture 4.0: Here are 10 elements of strategy that the sector needs -PVS Suryakumar
-Financial Express We have been hearing the expression ‘Industry 4.0’ ever since the idea of ‘smart factory’ was unveiled in Hannover in April 2013. Many opine ‘Agriculture 4.0’ akin to 4G of telecom. I believe Agriculture 4.0 is “going back to basics, but with technology as its underpinning” to usher in sustainability, in the wake of climate change and degradation of our agricultural ecosystems. We need to re-look at agriculture with...
More »RBI panel questions efficacy of populists schemes for farmers, in favour of more structural changes -Atmadip Ray
-The Economic Times The group is also in favour of revising the sub-target for small and marginal farmers to 10% from the existing 8% of adjusted net bank credit with a roadmap of two years. KOLKATA: A Reserve Bank of India working group on agricultural credit has questioned the efficacy of populist measures such as debt waiver and interest subsidy on crop loans, while suggesting a slew of structural changes to boost...
More »Centre may promote Farmer Producer Organisations, but will they address agrarian distress? -Richa Govil
-TheWire.in India already has several kinds of FPOs. So why have they not made a dent on farmers' woes? On July 5, 2019, the government of India announced its intent to promote 10,000 farmer producer organisations (FPOs) over the next five years, as part of its efforts to increase farmer income and reduce agrarian distress. Such collectivisation can be very powerful. The best known example of an FPO is that of Amul...
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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