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Sugar industry has potential to increase its GDP share up to 3%: Gadkari

Business Standard LogoBusiness Standard20h ago

Sugar industry has potential to increase its GDP share up to 3%: Gadkari - Business Standard

Quick Summary:

The sugar industry has the potential to increase its share in the GDP to 3 per cent from the current 1-1.15 per cent, Union Minister Nitin Gadkari said on Thursday, while emphasising on the need to raise per acre production of sugarcane.

The Indian agriculture sector provides livelihood to about 42.3 per cent of the population and has a share of 18.2 per cent in the country's GDP at current prices.

"The Indian sugar industry has the potential to contribute 3 per cent in the country's GDP," he said.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 16:50:01 (20 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25628591

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 273 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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