India Needs To Increase Output In Agriculture Sector, Says RBI Governor Shaktikanta Das
While India has made good progress in agriculture, there still is scope to bring more improvement in agriculture productivity and output, Das told NDTV Profit.
Days after Prime Minister Narendra Modi said that the government is making comprehensive efforts to help farmers improve their farm produce, RBI Governor Shaktikanta Das pointed out that there is a need to increase output in the agriculture sector.
While India has made good progress in agriculture, there is still scope for improvement in agriculture productivity and output, Das told NDTV Profit's Sanjay Pugalia in an exclusive interview.
This comes after the government in the Union Budget has set aside Rs 1.52 lakh crore for agriculture and allied sectors in the financial year 2025. Finance Minister Nirmala Sitharaman, in the Union budget 2024–25, said that 109 new high-yielding, climate-resilient varieties will be released to farmers.
She added that nearly one crore farmers will be initiated into natural farming over the next two years, and 10,000 need-based bio-input centres will be established as well, along with strengthening the production, storage, and marketing of oil seeds.
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India's Presence In Exports
In addition to talking about the agriculture sector, Das also pointed out that India is making its presence felt in external markets when it comes to the services sector.
While we have done well in merchandise exports, there is more that can be done, he told NDTV Profit.
"Price stability, financial stability, continued support to manufacturing with reforms at the state and central levels, improving agriculture productivity and increasing share in exports are very important," said Das. He also added that it will help India utilise the opportunity to become significant in the global value chain.
