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Saturday, Oct 16, 2021
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'Budget Won't Help See 4% Agri Growth'

The budget is good but not as reformist as expected. Instead, it's welfare-oriented.

'Budget Won't Help See 4% Agri Growth'
'Budget Won't Help See 4% Agri Growth'
outlookindia.com
-0001-11-30T00:00:00+05:53
The budget is good but not as reformist as expected. Instead, it's welfare-oriented. The thanksgiving through rural employment, which if it reaches the bottom population, would be a big boost. We were expecting much more investment in irrigation as there are 400 projects waiting to be completed. I wonder what happened to the proposed National Rainfed Area Authority? Ten days of monsoon delay has raised the spectre of drought. About Rs 30,000 crore more for irrigation would have been welcome as it is a sector facing a drought of resources.

There's no way this budget can lead to the desired four per cent agri growth. For that, the government has to realise that agriculture growth cannot come from foodgrains alone. It has to come from high-value agriculture—fruits and vegetables, livestock and fisheries. There is no incentive scheme streamlining the value chain. We were hoping to see a focus on organised food processing and organised retailing. But there was nary a word.

The biggest increase of 144 per cent in NREGS, which is more a...
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