Agriculture sector is a problem area

I had posted about the slowdown in Agriculture sector here and here.

This morning newspapers are reporting about the speech given by Prime Minister on Indian Agriculture sector at National Development Council (opening & closing remarks). The summary is to allow states to draw up their own plans for agriculture and The Centre would commit Rs 25,000 crores over the next 4 years for various initiatives taken to provide impetus to this sector.

Various newspaper summaries: Economic Times, Business Standard, Indian Express, Financial Express. An interesting article from Ashok Gulati on how to reform Indian Agriculture sector.

I also came across that World Development Report for 2008 (An annual publication from World Bank) focuses on Agriculture for Development. The website says:

A reconsideration of agriculture’s role in development has been long overdue. Developing country agriculture is caught up in the far-reaching changes brought by globalization, the advent of highly sophisticated and integrated supply chains, innovation in information technology and biosciences, and broad institutional changes—especially in the role of the state and in modes of governance and organization.

One can take a cue on why government is so active in agriculture sector from this statement:

Although agriculture is a private sector activity, it is uniquely dependent on good governance, wise public investments, and carefully focused public policy. An important question examined in this report is how to determine when public policy should concentrate on capturing the new growth opportunities available to agriculture and when it should concentrate on capturing opportunities in other sectors of the economy to help people exit agriculture.

Looking forward to the report.

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4 Responses to “Agriculture sector is a problem area”

  1. How to reform India’s Agriculture? « Mostly Economics Says:

    […] had said govt. would invest Rs 25,000 cr on the ailing agriculture sector. I had written about it here. (By the way the speeches etc related to the meet are out now and you can find them here, in […]

  2. World Bank advice on improving agriculture « Mostly Economics Says:

    […] Bank advice on improving agriculture World Bank released its much-awaited report on agriculture in Mid October. This time the theme for World Development report was […]

  3. unicon india Says:

    Bangladesh has a primarily agrarian economy. Agriculture is the single largest producing sector of the economy since it comprises about 30% of the country’s GDP and employs around 60% of the total labour force. The performance of this sector has an overwhelming impact on major macroeconomic objectives like employment generation, poverty alleviation, human resources development and food security.

  4. select your broker Says:

    In comparison to rice, wheat output in 1999 was 1.9 million metric tons. Population pressure continues to place a severe burden on productive capacity, creating a food deficit, especially of wheat. Foreign assistance and commercial imports fill the gap. Underemployment remains a serious problem, and a growing concern for Bangladesh’s agricultural sector will be its ability to absorb additional manpower. Finding alternative sources of employment will continue to be a daunting problem for future governments, particularly with the increasing numbers of landless peasants who already account for about half the rural labor force.

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