Agricultural growth at an impressive 5.4% this fiscal
The Economic Survey today pegged the country's agriculture sector growth at 5.4% this fiscal, as against 0.4% in the previous year.business Updated: Feb 25, 2011 12:39 IST
The Economic Survey on Friday pegged the country's agriculture sector growth at 5.4% this fiscal, as against 0.4% in the previous year.
The Survey also called for a "Second Green Revolution with technological breakthrough in the agriculture sector" to boost farm output and ensure the food security of the country.
"Agriculture likely to grow at 5.4% in 2010-11," said the Survey, which was tabled in the Parliament on Friday. The growth of the agriculture sector and allied sectors is expected to be higher this year on the back of a revival in foodgrains production in the 2010-11 crop year (July-June) following a good monsoon.
Foodgrains production is estimated to rise to 232.07 million tonnes in 2010-11 crop year, up from 218.11 million tonnes last year.
The country is all set to harvest a record wheat, pulses and cotton crop this year.
In the 2009-10 crop year, farm sector growth was only 0.4% due to severe drought in 2009, which hit almost half the country, reducing foodgrain production by 16 million tonnes.