Indian fianance minister, Pranab Mukherjee on thrusday sounded with note of concern on the agriculture sector coming in the way of India' GDP surging 7.5% in the current fiscal by pointing out that the agri sector is likely to witness negative growth in 3rd quarter of 2009-10.
"agriculture is a doubtful area. For the country to achieve 9-10% growth, agri has to grow at least by 4%. while agriculture grew by 2.5% in the first quarter and by less than 1% in the second , it is likely to be negative in the third quarter of this fiscal," Mukherjee said at a meeting organised by Indo-American chamber of commerce in kolkata during the day.
However, the FM- who asserted that he was still hopeful of ending the yr with 7.5% growth - didn't elaborate on the possible dip in growth in the agriculture arena during oct-dec09. the govt was examing ways to arrest the slide in agriculture, he added.
Saturday, January 2, 2010
"all is not well " for the agri sector,... its negative growth coming in the way of India GDP
Posted by MR Awesome at 6:39 AM
Labels: market and finance
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