India`s agricultural growth rate expected to be 20% in next two years: Nitin Gadkari
Union Minister Nitin Gadkari has said that India's agricultural growth rate is expected to be 20 per cent in the next two years and the Centre's first priority is to make the sector economically viable and create more jobs. He stated around 65 per cent of the country's population is rural but they contribute only 12 per cent in growth.
Further, in order to become a $5 trillion economy and achieve third rank in the work, he the country's rural economy and agriculture are very important. He said ‘The government is working on boosting the irrigation sector. We need to have the most successful technology in the world. The agriculture economy will create more jobs in the rural sector.’
Besides, while pointing out that 36 green highways are being built along with projects costing Rs 3 lakh crore for port connectivity, he said the basic problem facing the economy was logistics cost, which stands at 14-16 per cent. He said ‘We need to bring it down to 9 per cent. Good roads, alternate fuels will ensure cost reduction. Exports will increase by 1.5 per cent. Our problem is not resources but expenditure.’
