Agricultural sector growth rate 1.9percent in 2012-13 : CSO provisional figures

Comments (0)

Provisional Estimates released by Central Statistical Organisation has put the Agricultural sector’s growth rate at 1.9% in 2012-13, at 2004-05 prices. The contribution of agriculture to the GDP is also estimated to decline to 13.7 % in 2012-13.

The decline in both the figures have been ascribed to structural changes in the sector i.e. shift from a traditional agrarian economy to a service dominated one.

SOME STEPS TAKEN BY GOVERNMENT TO IMPROVE SCENARIO:

  • In order to bring reforms in agricultural marketing, the Ministry framed a model Agricultural Produce Marketing Act in 2003. Now the Central Government is pursuing with the States/UTs to undertake amendments to their APMC Acts to inter alia provide for direct marketing, contract farming, farmers/consumers markets, setting up of markets in private/cooperative sector and e-trading so as to provide alternative competitive marketing channels to farmers and bring in more transparency in the marketing system. Overall, these initiatives have been successful as evident by rising production levels, yields and incomes.
  • launched several schemes to increase the growth rate of agriculture and boost farm production in terms of its contribution to the GDP such as : Rashtriya Krishi Vikas Yojana (RKVY), National Food Security Mission (NFSM), Development and Strengthening of Infrastructure facilities for Production and Distribution of Quality Seed, National Horticulture Mission(NHM), Rainfed Area Development Programme (RADP), Integrated Scheme of Oilseeds, Pulses, Oil Palm and Maize (ISOPOM), Gramin Bhandaran Yojana etc.
  • improved the availability of farm credit; debt waiver scheme for farmers; crop insurance schemes; increase in Minimum Support Price (MSP), improved marketing infrastructureTextiles
Practice Questions
Q1
Q.no:-1/5