The agriculture industry is a major part of Indian economy, which supports nearly 50% of India’s workforce, and is spread over one third of the country’s total geographical stretch. This sector is the single biggest contributor to the Indian economy, albeit its contribution to GDP has witnessed a sharp decline since India’s independence. It is majorly linked with the supply chain of the manufacturing sector, and has been instrumental in the rural development of the country.
The green revolution has played a great role in making India self reliant in catering to its food demand. There have been several plans of investment in agriculture sector in India, which has resulted in the growth rate of the agricultural sector. Of late the relatively vigorous performance of this sector is majority because of the steps taken by the Indian government in terms of plan for investment in agriculture and other factors to improve agricultural produces.
Responsible Growth Factors
Some of the factors responsible to drive growth in the future include:
Prominent Extension Systems: Easy functioning of extension systems by adding skilled workforce to fill in positions available will encourage distribution of technologically advanced crops among farmers. This will lead to improved productivity and enhancement in overall farm output.
Technologically Advanced Products: Breakthrough of technologically better variants of crops will also enable the farmers to catapult the productivity and quality resulting in the overall farm output.
Rain Fed Areas: Dropping agricultural yields can attribute to lower output in rain fed parts, which still depends on monsoons. It is clear that improved water management systems, particularly watershed development, can influence positively the farm’s output in rain fed regions.
Management of Quality Soil: Right balance of soil usage for optimum application of fertilizers in underused and overused regions will increase the soil quality and thus add to the overall agricultural output.
Agricultural Credit: Investment in agriculture sector in terms of extended credit to farmers will provide required financial support to small farmers, which will lead to improved farm output.
Synopsis
The government is already running various investment plans and schemes catering to the requirements of the agriculture sector, after initiating the 12th Five Year Plan, the affect of government policies will be more visible.
