Arab Today, arab today india’s food grain production to hit record
Last Updated : GMT 14:27:04
Arab Today, arab today
Arab Today, arab today

India’s food grain production to hit record

Arab Today, arab today

Arab Today, arab today India’s food grain production to hit record

New Delhi - Arabstoday

India’s Food grain production could touch a record 250 million tonnes in 2011-12, exceeding the annual target by five million tonnes, Prime Minister Manmohan Singh said here on Wednesday. Addressing a workshop on ‘Policy Initiatives for Promoting Partnership between Stakeholders in Agriculture with Particular Reference to Rainfed and Dryland Farming’ at Rashtrapati Bhavan here, the prime minister said production of cotton in 2011-12 was estimated to be 34 million bales, also a new record. “The second Advance Estimates for 2011-12 indicate that the production of food grain is expected to reach the record level of over 250 million tonnes, exceeding the target for the year by five million tonnes. The production of cotton in 2011-12 estimated at 34 million bales is also a new record,” he said. Noting that Indian farmers had “done us proud” again this year, he said: “But we still have a long way to go.” Manmohan Singh said he believed the United Progressive Alliance (UPA) government over the last seven and a half years had given considerable attention to agriculture and was able to channel about Rs.4.74 lakh crore of bank credit into the agriculture and allied sectors. “Minimum support prices for key agricultural commodities have been significantly enhanced. Indeed, they have been enhanced as never before. We have increased public investment in agriculture, with the Rashtriya Krishi Vikas Yojana giving states a strong incentive to increase their involvement and their investment in agriculture,” he said. Consequently, the prime minister added, allocation for agriculture and allied sectors as a proportion of state plan expenditure has gone up from 4.88 per cent in 2006-07 to 6.04 per cent in 2010-11. “I am very happy that our agricultural policies have yielded positive result. Gross capital formation in agriculture and allied sectors has increased from 13.1 per cent of gross domestic product (GDP) in agriculture in 2004-05 to 20.1 per cent in 2010-11.” “Agriculture and allied sectors have grown at an estimated rate of 3.5 per cent during the Eleventh Plan compared to the growth rates of 2.4 per cent and 2.5 per cent during Tenth and Ninth Plans respectively,” he said.

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