Economic Survey & Budget in sync to turn agriculture into a true wealth creator


Date & Time: 2020-02-14 17:15:32

Budget has allocated Rs 2.83L cr for agriculture and allied activities, irrigation & rural development. Agriculture can be a wealth creator and the Economic Survey has identified areas where investment is needed. This year’s Union budget has taken the cues, allocating Rs 2.83 lakh crore for agriculture and allied activities, irrigation and rural development. Moreover, investments in the crop sector are high, more than 80%, compared to allied sectors considering their contributions in total GVA and indicating higher growth potential in allied sectors. Changing dietary preferences and rising global population create prospects for increase in demand for milk, meat, eggs, fish and other livestock products, which explains the substantial support to allied sectors in the budget.