Strengthen agriculture to support economy: Study - ECAS Punjab

Strengthen agriculture to support economy: Study

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Patiala, December 16

As per a research paper published in the Indian Journal of Economics and Development, the Centre needs to strengthen the agriculture sector to support the country's falling GDP.

Dr Gian Singh, former professor, Punjabi University, Patiala, and assistant professors Dharampal and Jyoti in their research paper 'Exploring the economic slowdown of India' stated that three new farm laws would affect employment, farmers' livelihood and ultimately, the country's growth rate, due to entry of the corporates in the farming sector. The research also pointed out the most job-oriented farming sector remained only a promising sector during the April-June lockdown period.

The trio said, "Except agriculture, forestry and fishing sectors, all other industries recorded a negative growth in this period. The agriculture sector registered a growth rate of 3.37 per cent, as procurement of wheat remained a record high, which benefited over 42 lakh farmers with Rs 73,500 crore, thanks to the minimum support price.

Dr Gian Singh said: "The agriculture sector must be strengthened as the majority of the population depends on it."— TNS

from The Tribune

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