Industrial Growth at 1%, Fiscal deficit around 4.1%, GDP at sub 5%,Inflation over 6% and tri-subsidy burden over 2.90 Lac Crores. With these numbers we are far cry from the good days as we envisage. We should expect a tough budget this FY.
Talking on agriculture, About 75% of the Indian population lives in rural areas and about 80% of this population is dependent on agriculture for its livelihood.Agriculture accounts for about 37% of the national income. The development of the rural areas and of agriculture and its allied activities thus becomes vital for the rapid development of the economy as a whole. Agricultural Productivity Even though India occupies the first or second position in the world in several crops in terms of area and production, it's rank in terms of productivity per hectare in the world is 52 for rice, 38 for wheat and much low in several other crops. The productivity of some crops is not only low but also remained stagnant over the years. The yield gap needs to be bridged through an integrated package of technology and agricultural policies to reap the untapped production potential, particularly, in rain-fed and other low productivity areas.
What the INDIA INC says abt it?
A...
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