Economic Survey: Need to address challenges in farm sector to double income

The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added

To achieve the target of doubling farmers' income by 2022, the Economic Survey on Friday said there is an urgent need to address some of the basic challenges like credit, insurance coverage and irrigation facilities in the agriculture and its allied sectors.

There is also a need to reallocate labour resources to other sectors, give increased focus on exploring global markets for agricultural commodities besides supplementing efforts of farmers with direct income support, it said.

"The realisation of the objective of doubling farmers' income necessitates addressal of some of the basic challenges of agriculture and allied sector," according to the Economic Survey