downtoearth-subscribe

A debt ridden state can offer little to its indebted farmers

  • 14/07/2004

A debt ridden state can offer little to its indebted farmers "The strategy for agriculture will certainly create new jobs, especially in the allied sector. However, agriculture's share of employment will actually reduce, from the current 70 per cent to 40-45 per cent.... As economies grow, the focus of economic activity shifts from primary activities to those that lead to greater value-addition. As Andhra Pradesh's economy develops, it will follow the same pattern, shifting from a predominantly agrarian to an industry- and services-led economy. As a result, more and more jobs will be created in industry and services as compared to agriculture.'