Monday, 6 April 2009

Farmside story

It seems unexplainable, but I have always found the content in the Outlook magazine a reflection of my own views and write-ups that I agree with. In a sense, the magazine says what I want to hear. Wonder why..

Check out the cover story of the latest edition which talks about the quiet green revolution that has silently taken over the nation's countryside. I only hope this is a story that is not motivated by the Congress party just before the elections. I saw a similar story on NDTV 24x7 which talks about the rapid strides made in rural India on economic development. The facts and figures, I hope are true.

Here are some startling facts to people like us, who are mired in the woes of urban India and the global meltdown.

Agricultural growth has doubled since 2004. Rise in food production has boosted rural incomes, helped government keep prices under control.

A sharp 30-40% increase in the minimum support price for cereals and the Rs 70,000 cr loan waiver have made agriculture more attractive.

Growing industry demand for land has seen prices spiral even in rural areas, bringing overnight wealth to many villages.

Rural people are taking up jobs in cities, leading to a big rise in remittances to villages.

Growth of small enterprises created alternate income sources for most rural families.

NREGS has created some additional income wherever it has been implemented properly.

Hit by slow urban demand, companies shifting focus to capture the growth in rural markets.

For the detailed story, please log on to

Clearly one of the upside of not going completely global...of being relatively insulated to the vagaries of the market economy....

Just one more thing....I wish someone would try to link growth rates with the number of people pulled above the poverty line. Without this, growth rates would remain just empty numbers. Don't you think this would add a whole new meaning to the notion of the welfare state?

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