Nearly 60% of the country's rural population is into farming
“In South Asia, growth in agriculture dropped from 3.6% in 1980s to 3% in 2002-03,” the survey says and suggests that rural infrastructure needs to be improved so that the farmers are able to reach their products to markets. It further says that productivity and investment in this sector should also be increased. The Director of ESCAP’s Poverty and Development Division is not too optimistic about the future of the region.
“It’s not all sunshine ahead, there are some dark clouds on the horizon, but the region has strong and healthy macroeconomic fundamentals and these will help shield it,” he said. However, policy makers in India have predicted a record foodgrain this time due to timely monsoon. They say this will help calm down global food market which is facing a slump.
“In South Asia, growth in agriculture dropped from 3.6% in 1980s to 3% in 2002-03,” the survey says and suggests that rural infrastructure needs to be improved so that the farmers are able to reach their products to markets. It further says that productivity and investment in this sector should also be increased. The Director of ESCAP’s Poverty and Development Division is not too optimistic about the future of the region.
“It’s not all sunshine ahead, there are some dark clouds on the horizon, but the region has strong and healthy macroeconomic fundamentals and these will help shield it,” he said. However, policy makers in India have predicted a record foodgrain this time due to timely monsoon. They say this will help calm down global food market which is facing a slump.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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