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India: Bumper cotton yield fails to resolve agrarian crisis

January 18, 2007 http://www.fibre2fashion.com/news/textile-news/new… Bumper cotton yield in the 2006-2007 season failed to resolve agrarian crisis that farmers in Maharashtra are facing. Even after bumper cotton yield, Government officials declared special relief packages to curb farmers’ suicides in Vidarbha. While Maharashtra cotton marketing federation estimated yield of around 27.5 million quintals, Cotton Advisory Board revised its estimates to 25 million quintals now. According to estimate, about 15 million quintals of cotton have been traded by private traders, Cotton Corporation of India and the state federation till mid-January. During this season, cotton productivity increased from three quintals per acre to six on an average. Even the cost of production also increased […]

Predatory Growth

(source unknown) AMIT BHADURIOver the last two decades or so, the two most populous, large countries in the world, China and India, have been growing at rates considerably higher than the world average. In recent years the growth rate of national product of China has been about three times, and that of India approximately two times that of the world average. This has led to a clever defence of globalisation by a former chief economist of IMF (Fisher, 2003). Although China and India feature as only two among some 150 countries for which data are available, he reminded us that together they account for the majority of the poor in […]

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