The growth rate of agriculture was three per cent and that of manufacturing was 4.5 per cent during the first three decades after independence. The growth rate for agriculture has slipped to 2.8 per cent while that for manufacturing has increased to 6.4 per cent during the last 15 years. Farmers continue to commit suicides across the country. The groundwater level is declining. The country has to import wheat, edible...
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Heat wave kindles hopes of good Indian harvest
Summer temperature in India is set to remain above average, weather officials said, raising hopes of heavy rains at the start of the monsoon season that will help early sowing of rice, soybeans and lentils. Early sowing and the subsequent early harvest insulates crops from weather risks such as weak rains towards the end of the June-September monsoon season that delivers 75-90% of the rainfall in most parts of India. It also...
More »Double oilseed production to achieve self-sufficiency
With the increase in population and purchasing power of people, the per capita oil consumption too is rising steadily. The oil requirement in India is projected to be 18.3 million tonnes in 2015 and 21.8 million tonnes in 2020. To meet the demand, the current production of 29.75 million tonnes of oilseeds has to be doubled in the next 12 years to achieve self-sufficiency, said P. Murugesa Boopathi, Vice-Chancellor of Tamil...
More »Farmers' Woes by SL Rao
A meticulously researched book by A. Vaidyanathan, Agricultural Growth in India: Role of Technology, Incentives and Institutions, is an illuminating scholarly work. Thinking about it one realizes the dismal and declining state of Indian agriculture and the poor governance at both Central and state government levels that has brought it to this sorry pass. A valuable compendium of data and analysis of Indian agriculture since Independence, it is a valuable...
More »Danger of inflation by CP Chandrasekhar
WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
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