Saturday, January 2, 2010

"all is not well " for the agri sector,... its negative growth coming in the way of India GDP

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.

0 comments: