Investment in research on agricultural sector delivers higher returns than any other form of support to farmers in the country. Substantiate (200 Words)
Refer - Business Line
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IAS Parliament 2 years
KEY POINTS
· A study by ICRIER and the Syngenta Foundation found that the marginal returns in terms of number of people brought out of income poverty or higher agri-GDP growth are 5-10 times more if the public money is spent through investments in agri-R&D.
· The government realises this. At the G20 Agriculture Ministers meet last year, India stressed the need to increase investment in agricultural research and development amid the challenges of climate change and expected increase in food demand by 2030.
· In this year’s Economic Survey, the chapter on Agriculture noted: “Research shows that every rupee spent on agricultural research and development, yields much better returns (11.2), compared to returns on every rupee spent on fertiliser subsidy (0.88), power subsidy (0.79), education (0.97) or on roads (1.10).
· Increasing R&D spending on agriculture is, therefore, not only a vital necessity for ensuring food security, but also important from the socio-economic point of view.”
· It is high time that the government walked it. This is particularly true of State governments, whose primary responsibility is agriculture.
· Over the years, they have de-emphasised research, and cut back on extension, in favour of more populistic quick fixes. This needs to change.
Varon 2 years
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IAS Parliament 2 years
Try to add more content and include data to support your answer. Keep Writing.
Aravind R 2 years
Kindly provide feedback mam/sir
IAS Parliament 2 years
Good attempt. Keep Writing.
K. V. A 2 years
Kindly review
IAS Parliament 2 years
Good attempt. Keep Writing.
Khushbu rade 2 years
Plz reveiw
IAS Parliament 2 years
Need better understanding, try to bring coherence in the answer and include data to support your arguments. Keep Writing.
