Business Daily from THE HINDU group of publications Saturday, Feb 10, 2007 ePaper |
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Opinion
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Editorial Revamp farm extension
The soon-to-end Tenth Plan (2002-07) may well go down as a watershed period that saw the country rise to newer economic heights. Rated as one of world's fastest growing significant economies, India is set for sustained high growth. Yet, it must be stated that the Plan period has proved not-too-good for the country's massive farm sector. Averaging just about 2 per cent a year growth the last five years (alarmingly close to the population growth rate), agriculture has been a laggard, severely compromising the economic future of a large mass of rural populace. Little wonder, then, that the agrarian crisis has deepened (symbolised by farmer suicides), shortages of essential food crops have become more chronic, and prices uncomfortably high for consumers.
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