Investments in irrigation to grow 1.8 times during next 5 years
Irrigation infrastructure investments are likely to grow 1.8 times during next 5 years. Continuous thrust of state governments to improve agricultural productivity and its indirect benefits on the economy is expected to drive growth in investments into irrigation. Growth, however, is likely to slow down due to economic slowdown causing a strain on state finances. Total investments in irrigation sector are expected to grow to Rs 2,474 billion during 2008-09 to 2012-13 from Rs 1,361 billion during 2003-04 to 2007-08 (at 2008-09 prices).
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