The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...

Prime Minister Manmohan Singh on Tuesday singled out resilience of the Indian economy in times of global meltdown as a signature achievement of UPA II's first year in office, and pushed for "new frontiers" in implementing the social inclusion agenda, including food security act and education for all. In a spirit of introspection, Manmohan Singh, however, admitted that soaring prices of basic commodities remained a source of concern and stressed that...

As the policies on better water management work themselves out and the larger sums of monies the UPA government is spending on them have an effect, technology is the major source of growth in Indian agriculture. Improved seeds matter. While the earlier seed suppliers in agricultural universities and seed corporations reorganise themselves with the support of the Rashtriya Krishi Vikas Yojana, private and public private partnerships (PPP) are flourishing. Bt...

The fertiliser sector in India has been through difficult times in recent years. Stagnant production, no fresh investment and poor financial health of the units were accompanied by high level of import, imbalanced use of nutrients and deteriorating soil health. Mounting subsidy bill posed a serious fiscal management problem to the government. Industry has been pursuing with the government for appropriate reforms to ensure health and growth for both the...

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...