Organic farming enhances GDP growth of India.
ORGANIC COMPOST MANUFACTURING & IT'S VITAL ROLE IN GDP GROWTH:
The formula for GDP is: GDP = C + I + G + (Ex - Im), where “C” equals spending by consumers, “I” equals investment by businesses, “G” equals government spending and “(Ex - Im)” equals net exports, that is, the value of exports minus imports. Net exports may be negative.
☆ Press Information Bureau Report:
Government of India., Ministry of Finance
26-February-2016 12:14 IST
Reform Package of the Fertilizer Sector
The Economic Survey 2015-16 presented in the Parliament by the Union Finance Minister Shri Arun Jaitley emphasizes that the Government budgeted Rs. 73,000 crore- about 0.5 per cent of GDP- on fertilizer subsidies in 2015-16. Nearly 70 per cent of this amount was allocated to urea, the most commonly used fertilizer, making it the largest subsidy after food.
☆ So, if import of urea decreases, our Exim ratio goes up, which means our GDP becomes strong. Money value goes up. We should make it. Let the whole country uses ORGANIC COMPOST.