-Business Standard Though Indian agriculture has grown to be second largest globally, there are many myths and misconceptions. So, let's find the truth. Though the government over the past few years has been focusing on enhancing manufacturing sector's share to India's GDP, contribution of agriculture to the GDP continues to be higher than that of the manufacturing. India has in abundant four critical fundamental resources - light, land, water & labour. Contrary...
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Against the grain -Harish Damodaran
-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...
More »Budget 2015: The need for an overhaul in Indian agriculture sector -Ajeet Kumar
-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
More »Prospects for wheat exports turn bleak -Vishwanath Kulkarni
-The Hindu Business Line Bengaluru: Prospects for wheat exports in the new marketing season are turning bleak on falling global prices even as the country is seen headed for a bumper output this year. The recent fall in Euro against the dollar has made the French wheat cheaper thereby exerting pressure on the global prices. Wheat prices, which hovered around $6.6 a bushel in Chicago during mid December are now down to...
More »Five Important Questions On Food Security -Lola Nayar
-Outlook A parsing of the recent expert report on food security reveals that most of its solutions do not meet the greater public good. The BJP's election manifesto had stated "that ‘universal food security' is integral to national security. BJP will take steps to ensure that the benefits of the scheme reach the common man and that the right to food does not remain an act on paper or a political...
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