Wisdom lies in investing more in animal husbandry including fisheries and fruit & vegetables for improving farmers’ income. Substantiate (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· The Dalwai Committee confirmed that the target of doubling farmers’ incomes in real terms was to be achieved over seven years with the base year of 2015-16, and it would require a growth rate of 10.4% per annum to double farmers’ real income by 2022-23.
· An average agricultural household earned a monthly income of Rs 10,218 in 2018-19 in nominal terms, which increased from Rs 6,426 in 2012-13.
· In nominal terms, the compound annual growth rate turns out to be 8% between 2012-13 and 2018-19.
· But a closer look at the individual states indicates that Gujarat and Saurashtra & Kutch region had 27% and 38% deficient rainfall than its Long Period Average respectively, in 2018-19.
· What these indicate is that the scope for augmenting farmers’ incomes is going to be more from farming of animals (including pisciculture).
· It is worth noting that there is no MSP for products of animal husbandry or fisheries and no procurement by the government.
· It is demand-driven, and much of its marketing takes place outside APMC mandis. This is the trend which will get reinforced in the years to come as income of the people goes up and diets diversify.
· The best way to invest is incentivise private sector to build efficient value-chains based on a cluster approach. The Modi government has started working in this direction, but much more needs to be done.
Nivetha 3 years
please review
IAS Parliament 3 years
Good attempt. Keep Writing.
Ramesh Naik 3 years
please review my answer.
IAS Parliament 3 years
Good attempt. Keep Writing.
Manish 3 years
IAS Parliament 3 years
Good answer. Keep Writing.
