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Home / India News / 2007 / May 2007 / May 29, 2007
Center concerned about stagnation in agri-production: Chidambaram
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Center concerned about stagnation in agri-production: Chidambaram

Expressing his concerns about the stagnation in agricultural production, Finance Minister P Chidambaram today said the country couldnt meet its food security through imports.

New Delhi, May 29 : Expressing his concerns about the stagnation in agricultural production, Finance Minister P Chidambaram today said the country couldn't meet its food security through imports.

Addressing the 53rd meeting of National Development Council on issues relating to Agriculture, here, Chidambaram said: "No country as large as India can hope to meet the requirements of its people for cereals, pulses, oil seeds, sugar, milk, etc. through imports on a large scale."

Commenting on burgeoning supply-demand gap in essential food items, he said: "While imports are a short-term answer to the supply-demand gap, practical experience shows that India does not have too much room to manoeuvre."

On stagnation in agri-production, he said: "The area under food grains has stagnated between 120 million and 125 million hectares. Of this, the area under wheat has stagnated between 25 million and 27.5 million hectares and the area under paddy has stagnated between 41 million and 45 million hectares."

Chidambaram also said that there is a need to launch a mission to increase the production of wheat, rice and pulses.

Speaking about soaring of prices of food items, he said: " The recent spell of inflation was largely due to the spurt in prices of primary articles - and that includes, apart from metals, food articles."

From the point of view of sound macro-economic management, it is necessary that we maintain adequate supplies of food articles and the resulting price stability, the Finance Minister added.

ANI

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