Thursday, 25 April 2024

 

 

LATEST NEWS 6 Top Priya Mishra Web Series To Watch [April- 2024] | 5 Dariya News Nehal Wadhera Net Worth 2024 (IPL Player) When the Congress government came, 50% reservation to women and MSP to farmers : Anuma Acharya AAP’s hard hitting attack on Channi: Post 1st June you will be arrested Manish Tiwari will win by a Huge margin: Jarnail Singh Amman is back with Romantic Track 'Dil Kare' Congress is working to divide the country in the name of religion and caste: Dr. Subhash Sharma PM Modi synonymous with trust, hope, credibility: Devender Singh Rana Atal Dulloo reviews the working & Public Outreach activities of Information Department General, Police Observer interact with Zonal, Sectoral Magistrates, BLOs of district Reasi Div Com Jammu, ADGP visit Rajouri, review preparations for elections Lt Governor addresses seminar on National Education Policy 2020 at Ghazipur DC Bandipora Shakeel ul Rehman Rather reviews Floriculture, Fisheries, Sericulture Departments DC Bandipora Shakeel ul Rehman Rather reviews performance of AHD DC Bandipora Shakeel ul Rehman Rather reviews Agriculture Sector DEO Bandipora Shakeel ul Rehman Rather inspects EVM, material strong room DEO Bandipora Shakeel ul Rehman Rather reviews poll preparedness Harnit Singh Sudan (IAS 2023) Interacts with IAS/JKAS Aspirants Marathon under SVEEP held at Samba to maximize voter awareness DEO Kupwara reviews transportation of polling staff, EVMs DEO Kulgam flags-off cycle rally under SVEEP to raise voter awareness

 

Agriculture barely gives subsistence to farmers: Arun Jaitley

The Union Minister for Finance and Corporate Affairs,  Arun Jaitley addressing at the inauguration of the Symbiosis International University’s (SIU) Hyderabad campus on July 24, 2016.
The Union Minister for Finance and Corporate Affairs, Arun Jaitley addressing at the inauguration of the Symbiosis International University’s (SIU) Hyderabad campus on July 24, 2016.
Listen to this article

Web Admin

Web Admin

5 Dariya News

Hyderabad , 24 Jul 2016

Union Finance Minister Arun Jaitley Sunday said the agriculture in India barely give subsistence earnings to farmers and this was leading to inequality.He said the country cannot afford to have 55 percent people in agriculture whose contribution to the national GDP is only 16 percent."Agriculture in India barely gives the agriculturists the subsistence. In fact people are already underemployed there," he said while inaugurating the Hyderabad campus of Symbiosis International University's (SIU) at Mamidpally near here."We the country cannot afford to have 55 percent people in agriculture whose contribution to the national GDP is only 16 percent or so. Therefore that creates inequality," he said.The finance minister said that while India's aspiration was that manufacturing should be 25 percent of the economy, it was yet to reach there.He noted India missed the first industrial revolution and also lost the opportunity when the "second and third industrial revolutions came, that is low cost manufacturing". He said China and other Asian economies benefited more than India."Now they say it is the fourth industrial revolution and it is India's opportunity to catch up. Hopefully we may but we are not sure," Jaitley added.

He said the hard reality was that India is a services hub and services contribute about 60 percent of the national GDP.Jaitley, however, believes large population could be an advantage for India, if they are trained and converted as human resources."We have one of the largest population. One-sixth of the world's population lives here. One important change which is taking place is that populations in most developing countries is contracting. In fact, they are aging," he saidHe pointed out that the family system had also cracked up in those countries. He cited a study that 30 percent of the families in city of London are single person families.The finance minister said education had an important role in developing the human resources, and it was an economic necessity to create best educational institutions in India.

He said visit to great campuses give inspiration as one get to see "different India, aspirational India and globally connected and young enterprising minds who want to break the shackles".Talking about Telangana, Jaitely noted that it was born out of struggle and aspiration. "Obviously it has some advantages. Hyderabad itself is a big advantage. Within a short time its ability to catch up is going to be there," he said but suggested that instead of concentrating in and around Hyderabad, the equity should spread across the state."I have no doubt Telangana would be way ahead of national average as far as income and earnings are concerned and its ability to push up India's growth because of its natural advantages," he added.

 

Tags: Arun Jaitley

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD