Budget of India should be high for Agriculture or Defense? - Discuss
Let we discuss in detail, how much we should spent in the agriculture.
Although agriculture contributes only 21% percent on the GDP of India, its importance in the country’s economic, social and political factor goes beyond the indicator. The rural areas are still home to some 72 percent of India’s 1.1 billion people, a large number of whom are poor. Most of the rural poor depend on rain-fed agriculture and monsoon and the fragile forests for their livelihoods. The sharp rise in food grain product during India’s green revolution of the 1970’s enabled the country to achieve the self sufficiency in the food grains.
And further , it gives the demand for the rural labor, raised rural wages and reduced food prices, reduced the rural poverty, significantly. In the 1990’s rural poverty reduced a lot. Agricultural growth in the 1990’s reduced rural poverty to 26.3 percent, by 1999 to 2000, eventhough it is slower, it shows a growth. Actually, India’s rice yields are equal to 1/3rd of China’s rice yield and half of Indonesia and Vietnam.
Investing in agriculture is a way to reduce the poverty and for the economic growth. Eradicating hunger in some regions, agriculture essential. The food production has been increased. The fertilizers, pesticides rates has been increased. The labor costs has been increased. The public investments should be there under existing government rural schemes with the infrastructure needs is needed.
Agriculture is the backbone of the Nation. Without food, we can’t do anything . So, investing in agriculture is necessary.
Defense is the most essential thing, for a nation’s protection. To live in a country, safety is the must. So, spending on the defense facilities, is not a waste one. It is an essential one. The national development lies in the secularism. India , has a long frontier of 15200 km, a coastline of 7516.km . We face lot of external threats from our neighbor countries, Pakistan, Bangladesh.
Defense expenditure is divided into two categories , revenue and capital. Revenue expenditure includes expenditure on pay and allowances, maintenance and transportation. Whereas capital expenditure includes creation of assets and expenditure on procurement of new equipment.
To meet the needs of the armed forces and establish a reliable mechanism for inter-service, inter-departmental and multi-level coordination. India maintains an extensive defense industrial base with 40 ordinance factories and eight defense PSUs are engaged in the manufacture state –of-the-art weapons and systems for the armed forces.
India’s 70% of defense procurement coming from overseas sources, for the safety of the nation.
To conclude this topic, I can say, budgeting should be equally done on agriculture and defence. Because, both are essential to lead a safety life. Food and safety is like breathing for the human being.