Role of Agriculture in Indian Economy
Agriculture plays a crucial role in the Indian economy. More than two thirds of the employed class in India relies in agriculture as the sole source of living. Agriculture in India has a major, significant history and today, the country ranks as the 2nd worldwide nation in terms of farm output.
According to 2010 FAO global agriculture statistics, India was the largest producer of many fresh vegetables and fruits, major spices, select fibrous crops like jute, select fresh meats, staples like castor oil and millets. The country is also known as the 2nd largest producer of rice and wheat, the two major food staples in the world.
What is more, it is also known as the second or third largest global producer of dry fruits, agriculturally based textile raw materials such as tuber crops and roots, farmed fish, pulses, coconut, sugarcane, coconut, eggs and numerous types of vegetables. In 2010, India was also the largest producer of at least 80% of all agricultural produce including cash crops like cotton and coffee.
As stated by economic data of the financial year 2006-2007, agriculture acquired 18% of India’s Gross Domestic Product. Agricultural sector in the country has occupied at least 43% of its total geographical area. To date, agriculture is still the largest contributor to the country’s GDP even though there has been a decline in the agriculture share. In addition to this, agriculture also plays an important role in the socio-economic sector of the country.
During the earlier times, India was dependent on food imports but due to successive agriculture stories, Indian economy has become self sufficient in the production of grain. What is more, the country is also known to have sufficient reserves of the same. India is heavily dependent on the agricultural sector especially for production after the food crisis of 1960. The country has put a lot of effort in ensuring that it is self sufficient and to accomplish this it setup the Green Revolution.
The Indian economy has benefited greatly as a result of the Green Revolution by enhancing services as follows:
- Expanding its irrigation facilities
- Acquiring additional land for purposes of cultivation
- Water management
- Planning protection activities through use of pesticides, cropping applications and fertilizers
- Implementing better agricultural research techniques
- Planning protection activities though cautious use of pesticides, cropping applications and fertilizers.
The India government has set up Ministry of Food Processing industries mandated with the task of stimulating the agricultural sector of the economy in order to make it lucrative. With the improvements made in the agricultural sector, then the Indian economy will continue to benefit greatly from the agricultural sector.
This paper was written by a writer at Essays Experts and it should not be copied whether in whole or in part. If you are interested in buying an essay that is of similar quality, contact our support team and place your order.
We take pride in having experience and talented writers at our disposal. Our writers are hired after they have gone through a series of tests to prove they have great writing skills. Leave your writing task with us and we guarantee the paper delivered will be 100% original and delivered in time.
With us, rest assured the paper you buy will meet and exceed your quality standards!