Innovative Financial Advisors Pvt. Ltd. – Produce in India, Making India Food Secure

Innovative Financial Advisors Pvt. Ltd. - The policy makers must realize the simple fact that the agriculture sector is far more important than its contribution to Indian GDP.

The new government has gone its Asian rival China’s way by promoting manufacturing in India with a vision to make India a global manufacturing hub. Though the initiative promotes investment in India and creates employment generation activities, yet this cannot be the only way towards development and growth.

Innovative Financial Advisors Pvt. Ltd. - The policy makers must realize the simple fact that the agriculture sector is far more important than its contribution to Indian GDP. It is estimated that more than 30 per cent of Indian population are farmers and more than 60 per cent of the population is dependent on agriculture for their livelihood. Adding to the concern, the agriculture dependent population continues to grow. The nation has been spending continuously on eradication of poverty, yet approximately 300 million Indians are below the poverty line.

Promotion of the agriculture sector is a must as income from agriculture continues to remain stagnant despite modernisation. Innovative Financial Advisors Pvt. Ltd. believes that along with 'Make in India' initiative for food processing industries, India should also ensure investments for ‘Produce in India’. The quality of the soil is depleting and it demands excessive inputs for producing higher yields. The demand of water and energy has been growing manifold. Water stressed countries such as Israel has been helping India in addressing its irrigation problems. Understanding the crux of the situation, Prime Minister Narendra Modi called for ‘Per Drop More Crop’ and allocated Rs 5,300 crore for improving access to irrigation and water-use efficiency.

The government of India should also put a check on agriculture subsidies. Subsidies related to fertilizers, electricity and irrigation don’t come cheap. The depletion of ground water and soil quality has also ensured that north Indian states use higher amount of inputs to generate higher yields. In 2014-15, the agricultural electricity subsidy in Punjab alone reached Rs 4,454.54 crore.

The agriculture sector is dependent on climate and its vulnerability is exposed when it experiences change in weather pattern (untimely rains and low rainfall), leading to crop damages. Experts believe that with rise in temperatures and low rainfall, water will be adversely affected. India’s worry is that 90 per cent of its arable land gets affected by extreme weather patterns.

Therefore, Innovative Financial Advisors Pvt. Ltd. believes that focus should be directed towards improving efficiency in water usage along with investing in technologies and practices that reduce demand of water. Promotion of activities such as watershed management, rain water harvesting, lift irrigation, drip irrigation, ground water recharge etc. will help improve access to water. Implementing initiatives such as systemic root intensification can reduce usage of water by 50 per cent. Development of surface irrigation sources, improving pump efficiency, solar powered pumps and micro irrigation technologies will together offer great opportunities to tame water and energy demand in the agriculture sector.

The government should promote investments in agriculture sector aligning with the Make in India campaign. Implementing policies that affects land use, crop choices, fertiliser use, irrigation practices and energy inputs will lead to sustainable growth of the agriculture sector.

By Rahul Choudhury
Media Team – Innovative Financial Advisors Pvt. Ltd.
24/30, Ground Floor,
Okhla Industrial Estate, Phase 3,
New Delhi India

Contact Details

Company Name: Fiinovation
Issued By: Anand Kumar
Phone: 91-011-42332200
Address: 24/30, Ground Floor, Okhla Industrial Estate, Phase 3, New Delhi, 110020
City: New Delhi
State: Delhi
Zip: 110020
Country: India
Website: Visit the website

Keywords : Innovative Financial Advisors Pvt. Ltd.,

by Anand Kumar (few years ago!)

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