Farm sector growth to rebound to 5.4 pc this fiscal

Posted By: Pti
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New Delhi, Feb 25 (PTI) The Economic Survey today peggedthe country''s agriculture sector growth at 5.4 per cent thisfiscal, as against 0.4 per cent in the previous year.

The Survey also called for a "Second Green Revolutionwith technological breakthrough in the agriculture sector" toboost farm output and ensure the food security of the country.

"Agriculture likely to grow at 5.4 per cent in 2010-11,"said the Survey, which was tabled in Parliament today.

The growth of the agriculture and allied sector isexpected to be higher this year on the back of a revival infoodgrains production in the 2010-11 crop year (July-June)following a good monsoon.

Foodgrains production is estimated to rise to 232.07million tonnes in 2010-11 crop year from 218.11 million tonneslast year. The country is all set to harvest a record wheat,pulses and cotton crop this year.

In the 2009-10 crop year, farm sector growth was only 0.4per cent due to severe drought in 2009, which hit almost halfthe country, reducing foodgrain production by 16 milliontonnes.

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