Vijay Sardana Online

Addressing"Happening Haryana" Investment Potential in Agribusinesses

Indian Budget 2016-17 and Indian Agriculture & Agribusinesses By:  Vijay Sardana Union Budget 2016-17 is dubbed as budget for the rural India by many political and economic commentators. In my view, there is nothing wrong if majority. of the budgetary resources are allocated for the region where majority of the population resides and from where they earn their livelihood. I personally believe that investment in rural India will always give more economic return than investing in urban India because of multiplier effect. Total Allocation for Agriculture and Farmers’ welfare is Rs. 35,984 crores. In this article I will share the implications of budget highlights for agriculture and agribusinesses. S.No. Budget Highlights Implications 1. ·         Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a ‘bright spot’ amidst a slowing global economy by IMF. ·         Robust growth achieved despite very unfavorable glo

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. 2.

Budget 2016 - What to Expect? Please fulfil election promises as mentioned below. In 2014, major election issues were food inflation and employment. Let us go back to election manifesto of ruling party, with a hope following issues will get due attention. S.No. BJP Manifesto for Food  Security and Sustainable Agriculture 1.          The following demand urgent solutions : economy including  agriculture, energy, environment including natural resources, education and health, employment, external and internal threats to security, empowerment, Governance, and erosion of moral and societal values. 2.          The BJP-led NDA Government's record of holding the prices is a demonstration of our commitment to break the vicious cycle of high inflation and high interest rates.  Our immediate task will be to rein in inflation by several steps, such as: put in place strict measures and special Courts to stop hoarding and black marketing. Setting up a  Price Sta