Authors
Ajit Gupta
Abstract
Agriculture sector is a primary sector which paly a most important role in economic growth of Indian economy. Recently, there are top two farm producers in the world. From the independency, it is considered as an important growing sector in the global economy. According to the current data, approximately, 58% population of rural families depend on the agriculture. As per the data of 2016-17, the primary sectors’ share like agriculture, forest, fishery, and livestock is assessed which is 20.4 per cent in Gross Value Added (GVA). Agriculture is proved as an employment for about two-thirds population in India. In proving the employment, agriculture sector has first place. As the agriculture has the value in foreign direct investment (FDI) as exports purpose through which it works as device for economic growth. This present study makes an analysis of agriculture sector in Indian economy and discuss about the ups and downs on the performance of agriculture sector. Keywords: Agriculture, GDP, Economy, India
Introduction
Agricultural marketing is defined as the transferring of natural growing products from different techniques like farms, horticulture etc. The movement of agricultural products from producer to consumers has many factors like time which is considered as transport, space which is for storage and form (processing) and transferring at different levels of market stations all these types of activities are included in agriculture marketing.
Agriculture sector is considered as spinal cord for the economy of India. 170 million out of 320 million workers are engaged in agriculture. Agriculture sector provide crucial materials to men and raw material used in industrialization sector for rapid development. It is clear that besides industrial sectors, the large youth of rural areas find employment in Agriculture sector for their life and also give an entrepreneurship. The agriculture sector of India provides food and gain successful profits.
According to the annual data, Indian agriculture is seem with rapid growth after the independence with the rate of 2.6% per year. India has the 2nd rank in world for having the huge growing crops land but the productivity is low because 30% production from each crop as compared to world standards.
References
“Brand India.” IBEF: India Brand Equity Foundation, India Brand Equity Foundation, www.ibef.org/economy/economic-survey-2015-16.
“India: Issues and Priorities for Agriculture.” World Bank, www.worldbank.org/en/news/feature/2012/05/17/india-agriculture-issues-priorities.
Arjun, Kekane Maruti. “Indian Agriculture- Status, Importance and Role in Indian Economy.” International Journal of Agriculture and Food Science Technology., vol. 4, no. 4, 4 Nov. 2013, pp. 343–346.
Arora, V P.S. “Agricultural Policies in India: Retrospect and Prospect§.” Agricultural Economics Research Review, vol. 26, no. 2, 2013, pp. 135–157.
Bureau, Our. “Farm Growth Rebounds 4.1% on Good Monsoon.” @Businessline, Business Line, 1AD, www.thehindubusinessline.com/economy/budget/farm-growth-rebounds-41-on-good-monsoon/article9511563.ece.
Himani. “An Analysis of Agriculture Sector in Indian Economy.” IOSR Journal of Humanities and Social Science, vol. 19, no. 1, Feb. 2014, pp. 47–54.
India, Hans. “Agriculture Sector a Must for GDP Growth.” The Hans India, The Hans India, 3 Apr. 2017, www.thehansindia.com/posts/index/Civil-Services/2017-04-03/Agriculture-sector-a-must-for-GDP-growth/290889.
Rehman, Shakeel Ul, et al. “Indian Agricultural Marketing- A Review.” Asian Journal of Agriculture and Rural Development, vol. 2, no. 1, 2012, pp. 69–75.
Shukla, Krishna H, and Nitin U Dwivedi. “Sustainable Development in Agricultural Sector in India.” The Business & Management Review, vol. 5, no. 4, Jan. 2015, pp. 2202–222.
Vikas Kumar, and Kunal Sinha. “Status and Prospect of Research and Development in Agriculture in India.” Journal of Science Policy & Governance, vol. 5, no. 1, June 2014.
How to cite this article?
| APA Style | Gupta, A. (2019). Role of Agricultural sector on Indian Economy. Academic Journal of Economic and Finance, 1(1), 21-24. |
| Chicago Style | |
| MLA Style | |
| DOI | |
| URL |