2ND GREEN REVOLUTION ON RIGHT PATH : ASSOCHAM

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) shares the stress laid in the Economic Survey 2007-08 for Second Green Revolution to enhance agri production particularly in rain fed areas as it projects agriculture growth at 2.6% during current fiscal which was 3.8% in 2006-07.

In a statement issued here, the ASSOCHAM President, Mr. Venugopal N. Dhoot said that the Chamber equally shares concerns expressed in the survey over slowdown in consumer goods segment of industry and infrastructure constraints with the hope that these would be gradually well attended to so that India achieves the projected growth rate of 9% for 11th plan period.

Mr. Dhoot added that good things have also happened in the Indian economy particularly trade to GDP ratio increased from 22.5% in 2000-01 to 34.18% in 2006-07 and central governmental expenditure on social services including rural development in total expenditure (plan & non-plan) increased from 10.97% in 2001-02 to 16.42% in 2007-08.