FICCI suggests five-point agenda to tame inflation
FICCI has suggested a five-point agenda to deal with growing imbalance between demand and supply in the agrarian sector and tackle issues related to inflation on a sustained basis.
By PTI |
NEW DELHI: Industry chamber FICCI has suggested a five-point agenda to deal with growing imbalance between demand and supply in the agrarian sector and tackle issues related to inflation on a sustained basis.
The agenda suggested by the chamber includes increase in farm productivity besides creating awareness amongst farmers about futures trading as an effective price discovery mechanism to help lower prices of essential commodities.
It also suggested that making the country "one common market" and private sector participation in developing agri- marketing infrastructure would also go a long way in easing price pressure.
For the week ended July 14, the wholesale prices based inflation stood at 4.41 per cent as compared to 4.27 per cent in the previous week.
The rise has been particularly marked in primary food articles -- fruits, vegetables, ragi, wheat, jowar, condiments and spices.
FICCI said enhanced emphasis should be put on increasing productivity levels in the agrarian sector, especially for essential products where demand is increasing or slated to increase at a rapid pace.
A second green revolution should be initiated with focus on increasing acreage, productivity and total production. In this, new hybrids with potential for more productivity and bundled services to farmers could be encouraged, it said.
The chamber emphasised on the need to establish a one common market for agri-products to ensure free functioning of market forces, which would help in removal of price distortions in different regions.
The agenda suggested by the chamber includes increase in farm productivity besides creating awareness amongst farmers about futures trading as an effective price discovery mechanism to help lower prices of essential commodities.
It also suggested that making the country "one common market" and private sector participation in developing agri- marketing infrastructure would also go a long way in easing price pressure.
For the week ended July 14, the wholesale prices based inflation stood at 4.41 per cent as compared to 4.27 per cent in the previous week.
The rise has been particularly marked in primary food articles -- fruits, vegetables, ragi, wheat, jowar, condiments and spices.
FICCI said enhanced emphasis should be put on increasing productivity levels in the agrarian sector, especially for essential products where demand is increasing or slated to increase at a rapid pace.
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A second green revolution should be initiated with focus on increasing acreage, productivity and total production. In this, new hybrids with potential for more productivity and bundled services to farmers could be encouraged, it said.
The chamber emphasised on the need to establish a one common market for agri-products to ensure free functioning of market forces, which would help in removal of price distortions in different regions.
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