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Indian Planning Commission members say that Agriculture
needs to grow by 3-3.5% if India is to achieve a base target
of 8% economic growth during the 11th financial plan. The
agriculture sectors have received less investment in the
last few years therefore resulting in 1-1.1% growth.
However, increased investments the last two years are seeing
this sector growing at 3-3.5%. The lack of growth of
agriculture has been blamed as a drag on the Indian economy.
Most investments in agriculture have been in the form of
subsidies. The Planning Commission is arguing that subsidies
must not be an entitlement or largesse but a seeding
mechanism that will allow new markets to develop. The Indian
Council for Agricultural Research (ICAR) says that Livestock
is one sector that needs attention since a modest investment
in vaccination and crossbreeding can result in huge returns.
Experiments in the last few years have shown that Livestock
sector has grown more than 25% providing higher income and
employment in the rural areas. A national survey by ICAR
found that a 20% reduction in farmer labor among the youth
but compensated by a 20% increase in women farmers which is
better suited for Livestock raising and marketing.
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