This story is from December 31, 2019
'Current economic crisis will impact agriculture'
Current economic crisis in the country will have a deep and far reaching impact on agricultural system of the country, asserted former secretary of agricultural department Nanasaheb Patil.
Patil was speaking at a program organised by Jai Kisan Farmers Forum at Raosaheb Thorat auditorium
In his address, Nanasaheb Patil pointed out that the economic growth in the country during the past 5 to 7 years had been very ye lo and this was an alarming situation for agricultural sector.
The the economic growth of the country since 1999 till 2010 was noticed at around 10% but during the last 5 to 7 years it had slipped to as low as 4.5% which is worrying situation.
Krishi Ratna awards were presented at the program in which former minister Vasudha Deshmukh, IFFCO director Sadhana Jadhav, Lata Chandrakar district agricultural superintendent Sanjiv Padwal and others where present.
Patil pointed out that the service sector had a major say in in economic progress of the country. Agricultural sector contributed 12% while industrial sector contributed 17% of the
“We have youth who do want to stay and in farms and practice the agriculture but the ecosystem is not encouraging them to do so. The need is to have stronger economy that will help up the agriculture system grow and it is the government to who played the pivotal role in the same,” Patil said.
Nashik
to celebrate the birth anniversary of India's first agriculture minister Dr Punjabrao Deshmukh.In his address, Nanasaheb Patil pointed out that the economic growth in the country during the past 5 to 7 years had been very ye lo and this was an alarming situation for agricultural sector.
The the economic growth of the country since 1999 till 2010 was noticed at around 10% but during the last 5 to 7 years it had slipped to as low as 4.5% which is worrying situation.
Krishi Ratna awards were presented at the program in which former minister Vasudha Deshmukh, IFFCO director Sadhana Jadhav, Lata Chandrakar district agricultural superintendent Sanjiv Padwal and others where present.
Patil pointed out that the service sector had a major say in in economic progress of the country. Agricultural sector contributed 12% while industrial sector contributed 17% of the
economy
. Though the service sector has grown there is no employment generation and because of this there is larger unemployment which the country is now facing. Even at this point of time we have 53% of farmers in Maharashtra living below poverty line.“We have youth who do want to stay and in farms and practice the agriculture but the ecosystem is not encouraging them to do so. The need is to have stronger economy that will help up the agriculture system grow and it is the government to who played the pivotal role in the same,” Patil said.
Popular from Business
- 'Couldn't have asked for better company': Zomato CEO's heartfelt message as rival Swiggy makes market debut
- 'Indian economy in sweet spot': Moody's projects India's GDP to grow at 7.2% in 2024
- SBI seeks $1.25 billion loan in one of country's largest bank lending in 2024
- Bloodbath on D-street: Investors lose Rs 13 lakh crore in last 2 days- Top reasons why market is falling
- Boeing appoints former Vanguard CEO Tim Buckley as new board member
end of article
Trending Stories
- Will banks open only for 5 days a week? Here’s what you should know about IBA’s proposal
- India set to be third largest economy, says S&P Global
- Dalal Street bull run continues! BSE Sensex crosses 69,000 for the first time; Nifty above 20,800
- Byju’s reduces notice period for employees as troubles mount
03:08 Sensex surges over 900 points, Nifty above 20,550 as BJP state election wins bolster Modi's Lok Sabha 2024 prospects- UltraTech to buy building materials business of Kesoram in 7,600 crore deal
- Tata Technologies stock debuts at a bumper 140% premium; share price at Rs 1200 on BSE
Visual Stories
- NEET UG 2024 result awaited: Top 10 NIRF-ranked medical colleges of India
- 7 New Expected Bullet Train Routes in India
- 10 Upcoming High-Speed Expressways That Will Change Highway Travel In India
- 8 Transformational Indian Railways Projects You Shouldn’t Miss
- Why Sensex, Nifty50 Hit New Highs, M-Cap At $5 Trillion: Top Reasons
TOP TRENDS
UP NEXT
Start a Conversation
Post comment