PM Modi, while addressing the 32nd International Conference of Agricultural Economists (ICAE), said that India, which was once a concern for global food and nutrition security, is now providing solutions. He mentioned that the government is strengthening the agriculture sector with reforms and measures aimed at improving the lives of farmers.
PM Modi inaugurated the 32nd International Conference of Agricultural Economists (ICAE) in Delhi on Saturday, Aug 3. The prestigious event, which brings together experts and policymakers from around the world, is centred on addressing critical issues in agricultural economics and promoting sustainable development.
Agriculture remains a cornerstone of the Indian economy, demonstrating steady growth with an average annual rate of 4.18% at constant prices over the past five years. However, provisional estimates for 2023-24 show a slower growth rate of 1.4% at constant prices, highlighting both progress and areas needing improvement.