Emphasize the importance of the Mega Food Park Initiative. Talk about the accompanying difficulties as well. (Answer in 200 words)
Inflation is nothing but general increase of lives in the products whichever we buy, which leads to decrease in purchase power. We measure inflation with: Consumer Price Index(CPI):average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. ProdRead more
Inflation is nothing but general increase of lives in the products whichever we buy, which leads to decrease in purchase power.
We measure inflation with:
Consumer Price Index(CPI):average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Producer Price Index (PPI): Measures the average change over time in the selling prices received by domestic producers for their output.
Several Factors affecting Inflation are:
- Demand pull inflation: It occurs when the demand for that product increases i.e., lesser the goods the more it costs.
- Built-In Inflation: When workers demand higher wages and, in response, companies increase the prices of their products to cover higher wage costs.
- Global Factors: International events, such as geopolitical instability or changes in global supply chains, can impact inflation. For example, the COVID-19 pandemic disrupted supply chains worldwide, leading to increased prices for many goods and services.
Significance of the Mega Food Park Scheme The Mega Food Park Scheme, initiated by the Government of India, aims to enhance the food processing sector by providing a mechanism to link agricultural production to the market. Here are the key points highlighting its significance: Boost toRead more
Significance of the Mega Food Park Scheme
The Mega Food Park Scheme, initiated by the Government of India, aims to enhance the food processing sector by providing a mechanism to link agricultural production to the market. Here are the key points highlighting its significance:
One success story highlights the impact and potential of the Mega Food Park Scheme in India. Here are a few notable examples:
Overview: One of the most successful mega food parks, the Patanjali Food and Herbal Park, is located in Haridwar, Uttarakhand. It is operated by Patanjali Ayurved Ltd.
Achievements:
– Economic Growth: The park has significantly contributed to the economic development of the region, attracting substantial investments.
– Job Creation: Thousands of jobs have been created, providing livelihoods to many residents.
– Value Addition: The park focuses on processing herbal and Ayurvedic products, adding considerable value to raw agricultural produce.
– Export Growth: Patanjali products processed here have a strong presence in international markets, boosting India’s export earnings.
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