Monday, 30 July 2012

Deficit monsoon to impact agricultural as well as other sectors: Confederation of Indian Industry


The prevailing situation of deficit monsoon will have an impact on the performance of the agricultural sector as well as on other sectors through the effect on rural incomes feels Confederation of Indian Industry (CII), a non-government, not-for-profit, industry-led and industry-managed organization.

According to an umbrella organization of industries, because of weak progress in monsoons, the sowing of the major Kharif crops as on July 13, 2012 was down 18 per cent as compared to last year- almost similar to the pattern observed in 2009, which saw the worst drought in 4 decades.

"The government has to take urgent measures to ensure that rural livelihoods are protected." said Chandrajit Banerjee, director general, CII. "Not only will there be an impact on the performance of the agricultural sector but also on other sectors through the effect on rural incomes."

The CII release also states that, non-conventional sources of energy need to be explored in order to reduce the toll of deficient monsoons on power availability. Additionally, the forecast mechanism of Meteorological department also needs an urgent up-hauling to enable farmers and related stakeholders take timely decisions to cope up with any deficiency.

"A pro-active approach from the government is the need of the hour in order to mitigate the impact of the deficiency in monsoons and to ensure that the occurrence of such drought-like episodes is reduced to the greatest extent," said Mr Banerjee. "More than 60 years after our independence we remain highly dependent on monsoons for our food supplies and these needs to be corrected. In this context it is also extremely important to look at the kind of capital creation that has been happening in agriculture," added him.
Original Article here

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