Farm boost to economic health
The higher agriculture growth may push the Gross Domestic Product growth rate - to be released on Friday - to 9 per cent from the initial estimate of 8.7 per cent, and give India economic growth of more than 9 per cent for the third straight year. The UPA government had maintained that for GDP growth to be over 9 per cent, agriculture production should grow at an annual rate of 4 per cent.
The high agriculture growth rate comes at the time when the UPA government is under fire from friends and foes for not being able to control the high inflation rate and is trying to tell people that India's food security was not under threat because of global food crises.
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Labels: agriculture, food crises, global, Gross Domestic Product, growth rate, inflation rate, loan, ndian economy, security, UPA government
