Optimisation Of Indian Farms For Feeding Growing Millions
BUSINESS ECONOMICS|May 16-31, 2019

When one thinks of Indian agriculture two images invariably come to mind; that of a bare-footed farmer ploughing on a dry field and of FCI warehouses overflowing with food grains.

Tushar K Mahanti
Optimisation Of Indian Farms For Feeding Growing Millions

This dichotomy of deprivation amidst abundance portrays the true picture of Indian agriculture. Agricultural production is growing but benefits of that growth are not reaching the farmers despite repeated promises, like doubling farmers’ income.

Farmers’ lobby put the blame on low prices of farm produces. While the government has raised the MSP by 1.5 times of input cost, this has not helped the farmers’ cause much. As per the Shanta Kumar Committee, only 6% farmers get the benefit of MSP. If this is true, the raising of the MSP by 1.5 times of input costs has no meaning for the remaining 94% of the farmers. The food prices have remained low putting further pressure on farm income. In fact, retail food price index declined 2.17% last January. In February, it declined 0.66% compared to 4.44% rise in overall retail inflation.

Higher prices of farm produces would raise farmers’ income but that would not give a long-term solution. Indian agriculture needs a definite strategy to develop its land, extend mechanisation, manures and HYV seeds to raise yield rates. Low productivity is probably the main problem of Indian agriculture.

The lower yield has been affecting the overall production leading to a steady decline in agriculture’s share in GDP. The yield rate of food grains production during the last five years, between 2011-12 and 2016-17, has increased by just 3.6% or by an average 0.7% a year. In actual terms, it has increased by 75 kg a hectare from 2,078 kg/ha to 2,153 kg/ ha during this period.

هذه القصة مأخوذة من طبعة May 16-31, 2019 من BUSINESS ECONOMICS.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 16-31, 2019 من BUSINESS ECONOMICS.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS ECONOMICS مشاهدة الكل
Deposit shortage: challenges facing India's banking ecosystem
BUSINESS ECONOMICS

Deposit shortage: challenges facing India's banking ecosystem

In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.

time-read
4 mins  |
November 01 - 30, 2024
India's future dreams in Semiconductors & AI
BUSINESS ECONOMICS

India's future dreams in Semiconductors & AI

A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".

time-read
2 mins  |
November 01 - 30, 2024
The Ramayana: Justice and Modern Man
BUSINESS ECONOMICS

The Ramayana: Justice and Modern Man

Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.

time-read
6 mins  |
November 01 - 30, 2024
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
BUSINESS ECONOMICS

Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India

Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.

time-read
5 mins  |
November 01 - 30, 2024
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
BUSINESS ECONOMICS

Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development

The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"

time-read
2 mins  |
November 01 - 30, 2024
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
BUSINESS ECONOMICS

Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata

Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.

time-read
4 mins  |
November 01 - 30, 2024
Tourism Industry positively impacted by the festive season
BUSINESS ECONOMICS

Tourism Industry positively impacted by the festive season

Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.

time-read
2 mins  |
November 01 - 30, 2024
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
BUSINESS ECONOMICS

RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy

For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.

time-read
1 min  |
November 01 - 30, 2024
UK Budget
BUSINESS ECONOMICS

UK Budget

There _ he latest UK budget represents a departure from previous fiscal documents.

time-read
2 mins  |
November 01 - 30, 2024
Han Kang's Historic Nobel Prize Win
BUSINESS ECONOMICS

Han Kang's Historic Nobel Prize Win

The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.

time-read
2 mins  |
November 01 - 30, 2024