Tuesday, February 27, 2007

Farmland vs Industry

Here is a report in the Telegraph, titled "Seal on CM farm theory". It goes on to state that while the national economy is growing at 9%, industrial growth rate has just reached double digit at 10%. The share of agriculture to GDP has declined to around 18.4% while that of industry and services have increased to 26.5% and 55.1% respectively.

To quote the article "Bhattacharjee has already read the situation and believes that Bengal — which he reckons is in a transition phase — needs to slowly shift from agriculture to industry (see interview in Bengal Unbound)."

I just wonder whether this form of economics considers that food is a primary necessity for human existence. Respected CM, supporting industries in Bengal is a welcome move; stamping out agriculture is not.

To be perfectly honest, the numbers quoted in the article really dont mean anything unless somebody also comes up with stats for the %age of population engaged in agriculture, services and industry, as well as the absolute requirements from agriculture (this is the minimum level one has to ensure; a fall from this level of agricultural production is a potential minefield for a relatively poor country like India).

No comments: