Source: News Bharati English12 Mar 2017 15:01:14
New Delhi, March 12: The good news for farmers this year too as India is set to reap the record of Rabi crops due to good monsoon. However, the production of a good quantity of crops will lead to the growth of income for farmers and economy of the country too will increase. Notably, the National Council of Applied Economic Research (NCAER) in its latest report India is expected to replicate the record Rabi crop production following record Kharif crop production output following a good monsoon in 2016.
In its latest report on the short-term agricultural outlook for the 2017 Rabi season, the NACAER pointed out that India is now heading towards replicating this achievement in the case of Rabi crops too. As per the NCAER 2017 Rabi Report, the Gross Value Added in agriculture and the allied sector registered a significant 3.3 percent year-on-year growth in the Q2 of 2016-17 as compared to 1.8 percent growth in Q1.
Overall, a robust growth of 4.1 percent was recorded in the agriculture sector in 2016-17 as against the previous year’s drought-impacted growth rate of 1.2 percent. In comparison, the latest official estimates suggest 4.4 per cent growth for 2016-17 and 0.8 percent for 2015-16, the report said.
“There are many positive indications in the agricultural sector and agricultural production in the country today. The importance of agriculture in the Indian economy is underscored by the fact that 54.6% of India’s population is engaged in agriculture and contributes 17% to GDP,” said Sudha P. Rao, Principal Adviser in the Department of Agriculture, Cooperation and Farmers Welfare in the Ministry of Agriculture & Farmers Welfare. However, she said, the sector faces many dilemmas, especially with regard to farmers’ welfare.
“We have achieved record production of rice, wheat and pulses this year helped by various programmes implemented by the government. Other issues that need to be addressed are optimization of irrigation practices, fertilizer yields and support systems for farmers like the launch of the Soil Health Card and the Pradhan Mantri Krishi Sinchai Yojana.”
The government has said that it wants to double farmers’ income by 2022 were also discussed at the conference. The findings of the NCAER report are based on a comprehensive assessment of various factors including farm input prices and availability, monsoon rainfall, national and international market demand conditions and government policies impacting this year’s rabi and Kharif crop production.
The forecast for wheat production in the rabi season is 96.0-98.7 million tonnes compared with the government’s estimate of 96.6 million tonnes assuming normal weather conditions through harvest. The NCAER forecast for rabi rice production is over 13 million tonnes compared with the government’s estimate of 12.8 million tonnes.