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•3 min read•
✦Reported by Business Line

Rain dependence poses key challenge to India's rural economy: UN Official

Rain dependence poses key challenge to India's rural economy: UN Official
Source: Business Line

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓Rain dependence poses a key challenge to India's rural economy, said UN official Alvaro Lario on Thursday.
  • ✓While India reached self-sufficiency in many crops, water management remains a hurdle.
  • ✓Lario noted, "One of the biggest challenges that we have is the cost of a healthy diet," affecting many people today.

Story at a Glance

Category
BUSINESS
Reported By
Business Line
Reading Speed
3 Minute(s)
Market Focus
India Economy

India has made significant gains in food production, even though water access and management remain major hurdles for the rural economy, where agriculture still relies heavily on seasonal rainfall, the president of a UN agency has said.

According to Alvaro Lario, president of the International Fund for Agricultural Development (IFAD), India's ability to attain self-sufficiency in numerous crops has significantly strengthened its agricultural resilience.

"In the case of India, it has become self-sufficient in a lot of different crops, and I think that also makes it much more resilient. However, access to water and water management is a big issue, generally, because of the dependence on rain-fed agriculture," Lario told PTI in an interview on Thursday.

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Rain dependence poses key challenge to India's rural economy: UN Official | ArthNow