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Agriculture
outlook –
2008
·
On May 30,
2008 report
“Agriculture
outlook –
2008” by
the
Organisation
for Economic
Cooperation
and
Development
and FAO put
that India
has been
better off
in managing
inflation
compared to
several
other
developing
countries in
2007-08
·
Notably, the
report has
come when
the
government
faces public
and
political
anguish over
sharp rise
in prices.
·
Prices of
food
articles
rose by 5.8
per cent in
India, the
lowest
increase
among 15
developing
countries
for the
period
ending
February
2007-08
·
Food prices
showed the
highest
increase at
25.6 per
cent in Sri
Lanka,
followed by
Kenya at
24.6 per
cent and
China 23.3
per cent,
the report
entitled
‘Agriculture
outlook -
2008’ said.
·
A record
food grain
production
estimates at
227.32
million tons
during
2007-08,
against
217.28
million tons
last year
has helped
India keep
food
inflation
under
control
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