by Kapil Mishra
Last one year, world has witnessed a Global fall in economies. Everywhere we hear the talks of recession and its impact on economies, job lay offs, etc. One more aspect that International community especially organizations like World Bank, IMF etc. have realized that this recession is not impacting Indian Economy as badly as it is affecting others. According to recently published research study by International Institute of Management Development (IMD) India is better prepared to handle recession than countries like USA, Britain, Japan, China, Russia etc.
What is so unique about our economy, what are the factors that are saving Indian Economy and what has made India better prepared to handle this recession is not a hidden secret. India is an agricultural country.
70% of Indian population is directly or indirectly dependent on agriculture and allied activities; this population remains more or less unaffected by this economic slowdown. In 2008, India’s so called illiterate and ignorant farmers have saved the country from collapse. The lesson to learn here is that agriculture alone can save and sustain the country in creating employment, curtailing migration, producing sufficient food and sustaining the economy.
But for Indian farmers there is very little hope left. While our elite have gained wealth, comforts, name and fame. Our Farmers / Kisans have not only lost their sustainability and livelihood but also their self respect. Agriculture is neither profitable nor the farmers are happy. Other professionals are organizing themselves and making money, going places and earning prosperity and popularity, our farmers are being forced to migrate to cities and left to beg or work as laborers to make both ends meet. Every year 20,000-30,000 farmers are committing suicides but no one in noticing. Farmer suicides in various parts of India are worst crisis human civilization has ever faces. But it is not getting required attention from policy makers, from farmer organizations and from media. Read more...
What is so unique about our economy, what are the factors that are saving Indian Economy and what has made India better prepared to handle this recession is not a hidden secret. India is an agricultural country.
70% of Indian population is directly or indirectly dependent on agriculture and allied activities; this population remains more or less unaffected by this economic slowdown. In 2008, India’s so called illiterate and ignorant farmers have saved the country from collapse. The lesson to learn here is that agriculture alone can save and sustain the country in creating employment, curtailing migration, producing sufficient food and sustaining the economy.
But for Indian farmers there is very little hope left. While our elite have gained wealth, comforts, name and fame. Our Farmers / Kisans have not only lost their sustainability and livelihood but also their self respect. Agriculture is neither profitable nor the farmers are happy. Other professionals are organizing themselves and making money, going places and earning prosperity and popularity, our farmers are being forced to migrate to cities and left to beg or work as laborers to make both ends meet. Every year 20,000-30,000 farmers are committing suicides but no one in noticing. Farmer suicides in various parts of India are worst crisis human civilization has ever faces. But it is not getting required attention from policy makers, from farmer organizations and from media. Read more...
