{"id":66534,"date":"2016-07-25T08:41:55","date_gmt":"2016-07-25T03:11:55","guid":{"rendered":"https:\/\/www.telugu360.com\/?p=66534"},"modified":"2017-04-06T03:48:10","modified_gmt":"2017-04-06T03:48:10","slug":"arun-jaitley-controversial-statement-on-agriculture","status":"publish","type":"post","link":"https:\/\/www.telugu360.com\/arun-jaitley-controversial-statement-on-agriculture\/","title":{"rendered":"Jailtley reiterates Naidu&#8217;s controversial stance on Agriculture"},"content":{"rendered":"<p>Union Finance Minister Arun Jaitley Sunday said the agriculture in India barely give subsistence earnings to farmers and this was leading to inequality. Naidu said the same in his book &#8216;Manasulo Maata&#8217;, which got him into trouble and a point on which opposition parties frequently attack him. This statements are widely credited as one of the reasons for his 2004 defeat. <\/p>\n<p>Jailtley said the country cannot afford to have 55 percent people in agriculture whose contribution to the national GDP is only 16 percent.<\/p>\n<p>&#8220;Agriculture in India barely gives the agriculturists the subsistence. In fact people are already underemployed there,&#8221; he said while <a href=\"https:\/\/www.telugu360.com\/inaugaration-of-symbiosis-university-at-kothur\/\" target=\"_blank\">inaugurating the Hyderabad campus of Symbiosis International University&#8217;s<\/a> (SIU) at Mamidpally near here.<\/p>\n<p>&#8220;We the country cannot afford to have 55 percent people in agriculture whose contribution to the national GDP is only 16 percent or so. Therefore that creates inequality,&#8221; he said.<\/p>\n<p>The finance minister said that while India&#8217;s aspiration was that manufacturing should be 25 percent of the economy, it was yet to reach there.<\/p>\n<p>He noted India missed the first industrial revolution and also lost the opportunity when the &#8220;second and third industrial revolutions came, that is low cost manufacturing&#8221;. He said China and other Asian economies benefited more than India.<\/p>\n<p>&#8220;Now they say it is the fourth industrial revolution and it is India&#8217;s opportunity to catch up. Hopefully we may but we are not sure,&#8221; Jaitley added.<\/p>\n<p>He said the hard reality was that India is a services hub and services contribute about 60 percent of the national GDP.<\/p>\n<p>Jaitley, however, believes large population could be an advantage for India, if they are trained and converted as human resources.<\/p>\n<p>&#8220;We have one of the largest population. One-sixth of the world&#8217;s population lives here. One important change which is taking place is that populations in most developing countries is contracting. In fact, they are aging,&#8221; he said<\/p>\n<p>He pointed out that the family system had also cracked up in those countries. He cited a study that 30 percent of the families in city of London are single person families.<\/p>\n<p>The finance minister said education had an important role in developing the human resources, and it was an economic necessity to create best educational institutions in India.<\/p>\n<p>He said visit to great campuses give inspiration as one get to see &#8220;different India, aspirational India and globally connected and young enterprising minds who want to break the shackles&#8221;.<\/p>\n<p>Talking about Telangana, Jaitely noted that it was born out of struggle and aspiration. &#8220;Obviously it has some advantages. Hyderabad itself is a big advantage. Within a short time its ability to catch up is going to be there,&#8221; he said but suggested that instead of concentrating in and around Hyderabad, the equity should spread across the state.<\/p>\n<p>&#8220;I have no doubt Telangana would be way ahead of national average as far as income and earnings are concerned and its ability to push up India&#8217;s growth because of its natural advantages,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Finance Minister Arun Jaitley Sunday said the agriculture in India barely give subsistence earnings to farmers and this was leading to inequality. Naidu said the same in his book &#8216;Manasulo Maata&#8217;, which got him into trouble and a point on which opposition parties frequently attack him. This statements are widely credited as one of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":66536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jailtley reiterates Naidu&#039;s controversial stance on Agriculture - Telugu360<\/title>\n<meta name=\"description\" content=\"Arun Jaitley Sunday said agriculture in India barely give subsistence earnings to farmers and leading to inequality,as Naidu said same in &#039;Manusulo Mata&#039; book\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.telugu360.com\/arun-jaitley-controversial-statement-on-agriculture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jailtley reiterates Naidu&#039;s controversial stance on Agriculture - 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