Biofuels are globally considered sustainable and ecofriendly source of energy to enhance national energy security and decrease dependence on imported fossil fuels. During the past one decade, Government of India (GoI) has initiated several measures to augment production and use of biofuels.
The world was caught in a severe economic crisis, which primarily originated from the U.S. in early 2007. Over the past two years, the crisis has virtually spread to the entire world causing an extreme credit crunch. The agricultural sector has also felt the heat of the meltdown, but there is a lot of uncertainty about the magnitude of the impact of economic recession on agriculture.
