Powered by: Motilal Oswal
2024-08-05 11:47:45 am | Source: Accord Fintech
Agriculture key focus area of development strategy in India: Ramesh Chand
News By Tags | #India #Economy #GDP #NITIAayog

Niti Aayog member Ramesh Chand has said that agriculture has been a key focus area of development strategy in India, and the country has achieved the highest growth rate of 5 per cent in the farm sector during the seven years from 2016-17 to 2022-23. Chand said that according to the World Bank data, India achieved the highest growth rate in GDP agriculture in the world in the last 10 years.

He pointed out that the share of agriculture in the world GDP has risen from 3.2 per cent in 2006 to 4.3 per cent in recent years. He stated  agricultural growth in the last 15 years has saved many countries from economic collapse.  He said due to the poor effort of industry in pulling the labour force out of agriculture, the onus of remunerative employment for the large workforce still remains on agriculture.

According to him, the recent achievements and opportunities in agriculture are pointing to an even higher role for agriculture in the future development of India and the world. He noted that all these challenges necessitate a fresh appreciation of the role of agriculture in economic and human development and a renewed focus on agriculture at all levels.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here
Latest News
Commodity Intraday Technical Outlook 20 January 2025...

Embrace the Heat in Style: Summer Fashion Trends

Commodity Intraday Technical Outlook 20 January 2025...

Stock Picks : Reliance Industries Ltd and Larsen&Tou...

Laxmi Dental lists with 23% premium on the BSE

Aus Open: Elina Svitolina returns to quarterfinal at...

India`s economic growth poised to rebound as domesti...

Stock Pick Of The Day : National Aluminium Company L...

Here`s what James Cameron has to say about `Avatar 3`

Shreya Ghoshal attends Coldplay`s gig with`70+ year ...