9 July 2014

1 minute read

Asia

Assocham said, agriculture sector has the potential to generate significant employment and grow at over 8 per cent as demonstrated by Gujarat, Madhya Pradesh and Chattisgarh.

Growth in high value agriculture, increased farm productivity and enhanced investments will boost the sector’s GDP contribution.

An enabling policy environment, appropriate technology and supply chain efficiency are much needed to address food inflation, boost investment-led growth and ensure food and nutritional security for the nation, Assocham recommendation said.

Besides, agriculture growth will create a surge in consumption based demand in the country giving boost to manufacturing and services sector as well.

The story of Indian agriculture has been one of tremendous growth on the supply as well as demand side. Critical challenges like growing population, stagnating crop yields, achieving nutritional security and complex climatic changes stand in the way of sustainable development of the sector, Rana Kapoor, president of Assocham said.

Kapoor said, a well formulated Government policy with a focus on substantially improving Agri-infrastructure, thrust on R&D, encouraging high value agriculture along with an enabling regulatory mechanism can ensure universal food and nutritional security for the nation and substantially enhance India’s competitiveness in global agri-business.

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