Friday, February 01, 2008

‘Farmer exit policy’

In a shaming indictment, the report states that for the first time since the Green Revolution, the foodgrains (wheat, cereals & rice) production has hit an all time low. It is indeed a sad story that the annual per capita availability of foodgrains, which had stood at 179 kgs during the heydays of the Revolution in 1960s, has dismally reduced to 174 kgs in current times.

Shocking is the fact that today, the per capita availability of cereals in the country is a mere 12 kgs as against 19 kgs during the Green Revolution days (a fall of a numbing 37%). Nothing represents the government’s gross neglect more than the fact that in the last four years, the foodgrains production in the country has declined by roughly 8%, when the population has registered an 8% growth during the same time-period. According to experts, if this policy bias against the rural sector continues unabated, by as soon as 2011- 12, India will become a net importer of foodgrains. Unbelievably, while in the early 1980s, agriculture contributed to 20% of the gross capital formation in the country, by the dawn of the 21st century, its share had reduced to a puny 6%.

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Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative