Agriculture’s contribution to State GSDP has declined from 16 p.c. to 12 p.c., says FKCCI paper
Terming the performance of the State’s agriculture sector as the “most alarming”, the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has pointed out that the contribution of agriculture to the State’s GSDP declined from 16 per cent in 2004-2005 to 12 per cent in 2011-12.
In the background paper released for the technical session on Agenda-Development Karnataka during its 95 annual general body meeting here on Thursday, the FKCCI has said that the performance of the agriculture sector has been disheartening during the 11 Five Year Plan period - 2007-2012. It pointed out that the growth rate in the agriculture sector witnessed a decline from 2007-2008 with only a rise of 13.3 per cent coming in 2010-2011. The sector showed a negative growth of 2.9 per cent in 2011-2012.
With 60.2 per cent of the workforce still dependent on agriculture in the State, the depleting share of agriculture in GSDP indicated a shortfall in agriculture over the years, the paper said.
It also observed that the misalignment of agriculture output and employment was contributing to stagnant, or in some cases declining, real incomes for a significant portion of a major workforce.
The chamber has also urged for setting up of agro-based industries in rural Karnataka that would help provide employment to the workforce from the agriculture sector.
The technical session was attended by ISEC Director R.S. Deshpande, Tourism Director Sathyavati, Principal Secretary, Department of Industries and Commerce, M.N. Vidyashankar, and Secretary Infrastructure Development Department Rajkumar Khatri.
The FKCCI Journalism Award for 2012 was presented to the Senior Assistant Editor of The Hindu, Bangalore, V. Sridhar, for his contribution to business journalism, by Labour Minister B.N. Bache Gowda.