Economic Survey :Climate Change to impact Farmers income

New Delhi Jan 30: Union Finance minister Arun Jaitley had tabled the economic survey for the financial year 2017-2018.The Survey had spoken about key issues and raised an important concern regarding Agriculture sector and urged the government to provide more funds to the sector.

The Survey had warned that "Farm incomes in India may fall by up to 25% in unirrigated areas in the medium term as a result of climate change."

"The agriculture gross domestic product (GDP) growth and farm revenues have stagnated in the past four years due to repeated monsoon failures." survey added

The Survey had also suggested that the government must take following actions to achieve its target of doubling farmers income by 2022 .these areas

#bring science and technology to farmers
#replace untargeted subsidies (power and fertilizer) by direct income support
# extend irrigation facilities via efficient drip and sprinkler technologies

Finally survey has pointed out that "Climate change could reduce annual agricultural incomes in the range of 15% to 18% on average, and up to 20% to 25% for unirrigated areas."