5 Key Messages from Economic Survey for India
5 Key Messages from Economic Survey for Indian Agriculture By: Vijay Sardana While dynamic sectors such as services and manufacturing tend to grab public attention, India cannot afford to neglect its agriculture. 1. Agriculture will remain politically important but remain economically marginalized: We must keep in keep in India about 42 per cent of Indian households derive the bulk of their income from farming. This is good enough for government and political parties to keep talking about agriculture. Smaller farmers and landless laborers especially are highly vulnerable to productivity, weather, and market shocks changes that affect their incomes. The newly introduced crop insurance schemes should begin to address these problems to a great extent. But unless income in the hands of farmers will not improve consumption of products from non-agriculture sector will remain depressed. Industrial revival will not be easy. This will prolong NPA problems in banks. ...
