Agriculture Sector India

21 September 2011




agriculture sector india

Indian Economy: Expanding in the Manufacturing and Service Sector

Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June, which has been the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.

“The numbers are quite encouraging. The more encouraging point is 12.4 per cent growth in the manufacturing sector. I do hope it will be possible to maintain this level of growth,” said Finance Minister Pranab Mukherjee. He said the government expects the manufacturing sector to create more jobs.

Chief Economic Advisor to the Finance Ministry Kaushik Basu said: “The growth prospects are quite optimistic. It is led by remarkable performance of the manufacturing sector and that in itself speaks very well of the future. Such high quarterly growth in the manufacturing sector has happened only once in India, in 2006-07, and is quite an extraordinary achievement.”

A statistical low-base effect also beefed up the Gross Domestic Product (GDP) growth numbers for the first quarter. As a result, analysts expect moderation after the second quarter, with the manufacturing sector already showing signs of running out of steam. “Industry’s numbers are likely to moderate in the coming quarters, resulting in full-year growth of 8.4 per cent,” said Citi India economist Rohini Malkani.

The economy grew 6 per cent in Q1 FY10 and 8.6 per cent in Q4 FY10. Growth in this fiscal’s first quarter has been in line with the expectations of analysts. They saw GDP growth at around 8.5 per cent, which mirrored the government’s own projection.

“GDP growth is on expected lines. The overall GDP growth in this fiscal would be slightly better than 8.5 per cent as projected earlier. IIP (index of industrial production) growth might moderate in coming months on base effect, but growth in agriculture will pick up as monsoons are good,” said Planning Commission Deputy Chairman Montek Singh Ahluwalia.

“The demand side, therefore, paints a completely different and much weaker picture than the robust outlook presented by the supply side. In our view, domestic demand may have started moderating, but it is surely not as weak as suggested by the demand-side GDP components,” said Nomura India economist Sonal Verma. “Indeed, other real activity indicators on auto sales, capital goods output, machinery equipment production and government expenditure all suggest strong domestic demand. The data may be revised higher at a later stage, but the current readings are puzzling,” she added.

“I am not that concerned about private expenditure, as business indicators are strong and inflation is expected to come down going ahead, leading to an increase in private consumption. I am more concerned about the flat growth in gross capital formation… it shows a lack of investment,” added Shanto Ghosh, chief economist at consulting firm Deloitte India.

About the Author

Manufacturing Digital is a pioneering digital media site for manufacturing professionals and executives, featuring all aspects of managing a production based environment.

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No Synopsis Available

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Memoirs of the Department of Agriculture in India (V.11 1920-1923)


$36.48


Volume: v.11 1920-1923 Publisher: Calcutta: Published for the Imperial Dept. of Agriculture in India by Thacker, Spink Publication date: 1906 Subjects: Plants Notes: This is an OCR reprint. There may be numerous typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

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Memoirs of the Department of Agriculture in India (V.10 1919-1920)


$36.48


Volume: v.10 1919-1920 Publisher: Calcutta: Published for the Imperial Dept. of Agriculture in India by Thacker, Spink Publication date: 1906 Subjects: Plants Notes: This is an OCR reprint. There may be numerous typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

Memoirs of the Department of Agriculture in India (V.2 1907-1910)


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$36.48


Volume: v.2 1907-1910 Publisher: Calcutta: Published for the Imperial Dept. of Agriculture in India by Thacker, Spink Publication date: 1906 Subjects: Plants Notes: This is an OCR reprint. There may be numerous typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

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Memoirs of the Department of Agriculture in India (V.4 1911-1912)


$26.98


Volume: v.4 1911-1912 Publisher: Calcutta: Published for the Imperial Dept. of Agriculture in India by Thacker, Spink Publication date: 1906 Subjects: Plants Notes: This is an OCR reprint. There may be numerous typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

Memoirs of the Department of Agriculture in India (V.5 1912-1913)


Memoirs of the Department of Agriculture in India (V.5 1912-1913)


$33.98


Volume: v.5 1912-1913 Publisher: Calcutta: Published for the Imperial Dept. of Agriculture in India by Thacker, Spink Publication date: 1906 Subjects: Plants Notes: This is an OCR reprint. There may be numerous typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

Memoirs of the Department of Agriculture in India (V.3 1910)


Memoirs of the Department of Agriculture in India (V.3 1910)


$32.98


Volume: v.3 1910 Publisher: Calcutta: Published for the Imperial Dept. of Agriculture in India by Thacker, Spink Publication date: 1906 Subjects: Plants Notes: This is an OCR reprint. There may be numerous typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

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Colonializing Agriculture


$35.95


This book is the first comprehensive study of the impact of colonialism on the agriculture of this very important region which, apart from the Pakistani and Indian provinces of Punjab, included the present day Indian provinces of Haryana and Himachal Pradesh. Making extensive use of data culled from government archives and private papers in India and Britain, as well as from village surveys, farm accounts and family budgets, the author argues that Punjab was by no means an idyllic land of prosperous peasant proprietors. She maintains that it was also the land of big feudal landlords, rack-rented tenants, and struggling small-holders, who were forced to enlist in the army or migrate to enable their families to pay government taxes and to repay debts. Comparing Punjab with its supposed polar-opposite, the eastern region of Bengal and Bihar, Mridula Mukherjee demonstrates that Punjab too had begun to exhibit features typical of colonial under-development, such as stagnation of productive forces, intensification of semi-feudal relations, forced commercialisation and lack of capital investment in agriculture. The green revolution therefore was not the result of a continuity but actually because of a break with the colonial past.

Growth and Productivity in Agriculture and Agribusiness: Evaluative Lessons from World Bank Group Experience


Growth and Productivity in Agriculture and Agribusiness: Evaluative Lessons from World Bank Group Experience


$25.48


The report assesses the World Bank Group ‘s support for growth and productivity in the agriculture sector. Enhancing agricultural growth and productivity is essential to meeting the worldwide demand for food and to reducing poverty, particularly in the poorest developing countries. Between 1998 and 2008, the period covered by this evaluation, the World Bank Group (WBG) provided $23.7 billion in financing for agriculture and agribusiness in 108 countries (roughly 8 percent of total WBG financing), spanning areas from irrigation and marketing to research and extension. However, this was a time of declining focus on agricultural growth and productivity by both countries and donors. The cost of inadequate attention to agriculture, especially in agriculture-based economies, came into focus with the food crisis of 2007-08. The crisis added momentum to an emerging renewal of attention and stepped-up financing to agriculture and agribusiness at the World Bank and International Finance Corporation (IFC), as well as at several multilateral and bilateral agencies. World Bank financing rose two and a half times from 2008 to 2009, though that increase in lending seems to have been accompanied by a decline in analytical work, which this review finds valuable for results. This evaluation seeks to provide lessons from successes and failures to help improve the development impact of the renewed attention to the sector. Ratings against the World Bank ‘s stated objectives and IFC ‘s market-based benchmarks for agriculture and agribusiness projects have been equal to or above portfolio averages in East Asia, Latin America, and the transition economies in Europe, with notable successes over a long period in China and India. But performance of WBG interventions has been well below average in Sub-Saharan Africa, where IFC has had little engagement in agribusiness. Inconsistent client commitment and weak capacity have limited the effectiveness of WBG support in agriculture-based economies, particularly in Sub-Saharan Africa, and constraints on staffing and internal coordination within the WBG have also hurt outcomes. Financial sustainability has been constrained by insufficient government funding and the difficulty of maintaining agricultural services and infrastructure. The WBG has a unique opportunity to match the increases in the financing for agriculture with sharper focus on improving agricultural growth and productivity in agriculture-based economies, notably in Sub-Saharan Africa. Greater effort will be needed to connect sectoral interventions and achieve synergies from public and private sector interventions; to build capacity and knowledge exchange; to take stock of experience in rain-fed agriculture; to ensure attention to financial sustainability and to cross-cutting issues of gender, environmental and social impacts, and climate; and to better integrate WBG support at the global and regional levels with that at the country level.

The Challenge of Health Sector Reform


The Challenge of Health Sector Reform


$130


New thinking about the management of public health services has stimulated a widespread movement for health sector reform across the world. This book examines the feasibility and desirability of common reforms in low income countries, based on in-depth case studies in Ghana, Zimbabwe, Sri Lanka, India and Thailand, and asks whether governments possess or can develop the capacities needed for these new and often complex roles. The book challenges conventional reform wisdom, and argues that reform approaches are needed that are more sensitive to the institutional characteristics of individual countries.

Banking Sector Liberalization in India: Evaluation of Reforms and Comparative Perspectives on China


Banking Sector Liberalization in India: Evaluation of Reforms and Comparative Perspectives on China


$142.48


This fascinating and timely work explores in detail the changes in the Indian banking sector over the last 20 years, and puts them into a comparative perspective with the Chinese banking sector. For this purpose, the author develops a detailed indicator-based framework for assessing the liberalization of a banking sector along various process steps based on financial liberalization and transformation studies. The key finding is that while liberalization has improved the sectoral performance, it has so far had no effect on the macro level.

India’s Economy and Growth


India’s Economy and Growth


$59.95


This is a collection of essays by 16 renowned Indian economists on contemporary issues linked to India’s economic development. Among the topics covered in the essays are: structural breaks in the India growth process; relevance of the Solow growth model for a developing economy; sources of the growth acceleration in India from the 1980s and the contribution of sectoral changes to overall economic growth; constraints to achieving 4 per cent annual growth rate in agriculture; measurement of unorganized sector output, and savings and capital formation; ensuring environmental sustainability of the energy requirements for a fast, inclusive growth; the kind of inflation targeting RBI monetary policy should aim for; appropriate interest rate policy for India; evolution and structure of Indian fiscal federalism including tax and expenditure assignments, fiscal imbalances, and the design of general purpose and specific purpose transfers from the Centre to the states. These essays were originally presented as papers at a conference organized to commemorate the birth centenary of Prof. V.K.R.V. Rao (1908-1991), one of the foremost Indian social scientists and institution builders of the twentieth century. He was the founder of the Delhi School of Economics and the Institute of Economic Growth in Delhi and the Institute of Social and Economic Change in Bangalore.

Multifunctionality in Agriculture


Multifunctionality in Agriculture


$91


These proceedings examine the nature and strength of jointness between agricultural commodity production and non-commodity outputs from the perspective of three areas important to the agricultural sector: rural development, environmental externalities and food security. This workshop also examined whether the relationships among these non-commodity outputs were complementary or competing. Finally, the policy implications that could be derived from the findings of this workshop were also a key element in the discussions and are summarised in the Rapporteur’s summary.

Public Sector Auditing


Public Sector Auditing


$55


Drawing on 20 years of experience as Comptroller and Auditor General, and head of the United Kingdom National Audit Office, Public Sector Auditing: Is it Value for Money? is Sir John Bourn’s own account of the role and influence value for money auditing has in holding governments to account and in helping public bodies improve the ways in which they deliver services. Key features include::; In-depth case studies from UK, US, Canada, China, India and Australia;; Detailed analysis of complex areas of public expenditure such as health, education, privatisation, regulation, defence and IT;; Examples of how auditing can promote positive outcomes rather than negative post mortems. This book is relevant for people working in both the public and private sectors, and should be essential reading for the staff of public sector audit institutions around the world, as well as commercial accountancy firms and students of accountancy, politics, economics and public management.


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