‘Gross Value Added (GVA) from agriculture is more dependent on how other factors will behave’, said Abhijit Sen, former member of planning commission of India (now Niti Aayog) during a pre-budget roundtable on agriculture
The panel agreed that the government was unlikely to come up with fiscal stimulus package to boost economic growth despite the Central Statistics Office’s (CSO) advanced estimate of a 6.5% economic growth rate in the current financial year.
“We will explore what the corporates will look out for to push the economy towards higher growth rate. As far as rural economy and agriculture are concerned, there is a consensus that there is rural distress. It’s an election year, so populism will come in”, Gauri Dwivedi, NewsX
“India is one of the fastest growing economies in the world and the growth is benefiting people in different sectors. But maximum population is dependent on agri-sector and unless the gains are clear and evident, the (economic) growth is not justifiable and equitable,” Jaitley