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Agriculture a key focus area of development strategy in India: Niti member Ramesh Chand

by Euro Times
August 3, 2024
in Business
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Agriculture has been a key focus space of improvement technique in India, and the nation has achieved the very best development charge of 5 per cent within the farm sector through the seven years from 2016-17 to 2022-23, Niti Aayog member Ramesh Chand mentioned on Saturday.

Addressing the thirty second Worldwide Convention of Agricultural Economists (ICAE), Chand mentioned that in line with the World Financial institution knowledge, India achieved the very best development charge in GDP agriculture on the planet within the final 10 years.

“Agriculture has been a key focus space of improvement technique in India, and the nation has achieved traditionally the very best development charge of 5 per cent through the seven-year interval from 2016-17 to 2022-23,” he famous.

The agriculture economist identified that the share of agriculture on the planet GDP has risen from 3.2 per cent in 2006 to 4.3 per cent in recent times.

“Agricultural development within the final 15 years has saved many international locations from financial collapse. Because of the poor effort of business in pulling the labour drive out of agriculture, the onus of remunerative employment for the massive workforce nonetheless stays on agriculture,” he mentioned.

In line with him, the latest achievements and alternatives in agriculture are pointing to an excellent greater position for agriculture sooner or later improvement of India and the world. Chand famous that each one these challenges necessitate a contemporary appreciation of the position of agriculture in financial and human improvement and a renewed deal with agriculture in any respect ranges. Prime Minister Narendra Modi on Saturday inaugurated the thirty second Worldwide Convention of Agricultural Economists (ICAE), which is being held in India after 65 years.

The theme of the six-day triennial convention, organised by the Worldwide Affiliation of Agricultural Economists, is Transformation In direction of Sustainable Agri-Meals Methods.

The convention will witness the participation of round 1,000 delegates from round 75 international locations.

It goals to deal with the urgent want for sustainable agriculture within the face of world challenges, comparable to local weather change, pure useful resource degradation, rising manufacturing prices and conflicts, an announcement mentioned.

The convention will spotlight India’s proactive strategy to international agricultural challenges and showcase the nation’s developments in agricultural analysis and coverage.



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