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Agricultural R&D Needed to Sustain Agricultural Productivity Growth Says Economic Survey |
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29-1-2018 | |||
Press Information Bureau Agricultural R&D Needed to Sustain Agricultural Productivity Growth Says Economic Survey Agricultural R&D is the main source of innovation, which is needed to sustain agricultural productivity growth in the long-term. This was stated in Economic Survey, 2017-18 tabled by the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in Parliament today. The Survey says that the actual expenditure of Department of Agricultural Research and Education/Indian Council of Agricultural Research has increased from ₹ 5393 crore in 2010-11 to ₹ 6800 (BE) crore during 2017-18. The compound annual growth rate of expenditure has been 4.2% over the years and in recent years’ expenditure has been on higher side. During the current year (2017-18), investment in Agriculture Research and Education protected new Agricultural innovation by filling 45 patent applications at Indian patent Office (IPO) and the cumulative patent applications have now risen to 1,025. 10 copyright and 12 trademark applications were filed by ICAR for products and processes. After the Protection of Plant Varieties and Farmers’ Right Authority notified new genera, applications for 135 varieties were filed at the Registry and 155 high-yielding varieties/hybrids of cereals were released for cultivation in different agro-ecologies of the country during 2016, the Economic Survey adds. |
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