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C S C Sekhar: Budget - positive for agriculture

One shortcoming is that there is little attempt to incentivise states to invest more in agriculture. Much of the growth in agriculture between 2004-05 and 2011-12 was due to increased investment by the states

Topics
Budget 2016, Agriculture, Rural Development

C S C Sekhar 

C S C Sekhar

Budget 2016-17 contains many positive initiatives for agriculture and rural development. After an encouraging performance during the Eleventh Five-Year Plan period, agricultural growth stuttered in the last few years, with a growth rate of 1.5 per cent in 2012-13, followed by 4.2 per cent and -0.2 per cent in the next two years.

The latest estimates from the CSO indicate that 2015-16 will be only marginally better, with a projected growth rate of 1.1 per cent. Notwithstanding two consecutive droughts, structural problems ranging from irrigation to input provision to marketing are responsible ...

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First Published: Sat, March 12 2016. 21:49 IST
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