"The Indian agriculture has the potential to grow at 5 per cent per annum in the present context against which the present growth rate varied from 3.6 per cent to 4 percent per annum in real terms," Gulati said while addressing the Odisha Knowledge Hub (OKH) lecture series here.

While elaborating the link between agriculture growth and poverty reduction in national and international contexts, Gulati said higher growth rate in agriculture leads to faster rate of poverty reduction.

Comparing the nation's economy with a pyramid, he suggested putting agriculture sector at the base, manufacturing at the middle and service sector at the top.

Such an approach, he maintained, would lead to sustainable development.

Though agriculture is a state subject, Central government needed to trigger and engineer the reform agenda in agriculture sector, he said.

Gulati cited the example of the impact of centrally engineered Green and White revolution on Indian economy and advocated for centrally sponsored active agenda for reform in this basic sector of the economy that cater to the food and nutrition security.

He suggested to focus on infrastructural development like irrigation, rural roads, more power to agriculture sector and establishment of value chain for cereal and fruit-products in the state for achieving higher growth rate in agriculture.

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