For the fifth year in a row, horticulture production is expected to surpass foodgrain production. However, as compared to the crop years 2014-15 and 2015-16, when drought was faced by most Indian states, horticulture production this year is predicted to rise by a meagre amount. As compared to 2014-15 and 2015-16, horticulture production this year is expected to rise by 2.2 percent and 0.4 percent, respectively. However, as compared to...
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Consumption mystery could be traced to piling up of inventories -Aanchal Magazine
-The Indian Express As per the methodology, since no direct data of expenditure is used, most of the GDP data is calculated based on output data The answer to the puzzling rise in Private Final Consumption Expenditure (PFCE) in the second advance estimate of GDP for 2016-17 despite the evident cash squeeze due to demonetisation may very well lie in the methodology used for calculating the new series of GDP. As per...
More »With pastures for cattle shrinking, India may have to import milk by 2021 -Gangadhar S Patil
-Hindustan Times/ IndiaSpend India may have to import milk in four years, if it cannot increase fodder supply for its 299 million cattle, as rising pressure on land reduces pastures nationwide. Spurred by rising incomes, a growing population and changing food preferences, the demand for milk and milk products will grow to at least 210 million tonnes by 2021–22, a rise of 36% over five years, according to government estimates. To meet...
More »Timely policy measures, monitoring helped in boosting farm output
-The Economic Times NEW DELHI: Active policy intervention in agriculture and rigorous monitoring of farm operations from planting to harvesting in a good monsoon year helped Indian farmers increase India’s food output at a much faster pace in 2016-17 than previous peaks in production, officials said. Farm output rose 8.1% to a record of 272 million tonnes in the current crop year. This is much more than the previous significant increase in...
More »Ramesh Chand, Niti Aayog member, interviewed by Prasanta Sahu and Sandip Das (The Financial Express)
-The Financial Express While the Central Statistical Organisation has estimated “agriculture and allied services” to grow 4.1% in FY17, Niti Aayog member Ramesh Chand expects the growth rate to be a handsome 7%. Chand spoke to FE’s Prasanta Sahu and Sandip Das on critical factors that need to be addressed to ensure at least 4% annual growth over the next 15 years. * How do you foresee the direction of the agricultural...
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