Development EconomyAgrarian Economy: Present Situation and Problem. Presented by Ranjeet Hangargekar
Introduction Important component for economic development: Natural Resources Capital Formation Social Institutions & Political Situation. Government Policies & it’s implementation.
Agriculture in India Agriculture is the mainstream of Indian economy. It is the means of livelihood of almost two third of the work force in the country. Worlds largest cattle population. Second largest producer of wheat, rice and sugar.
Characteristics of Indian Economy: Low per capita income. Low Standard of Living. High Poverty. Unequal income distribution. Technological Backwardness. Unemployment.
Importance of Agriculture in IndianEconomy: Agriculture occupation & GDP of India. Major source of Livelihood. Employment. Industrial Development. Global Trading. Development of Infrastructure.
Changing Patterns Barter System. Traditional way of Agriculture. Green Revolution. Cycle of development in agriculture and development in economy.
Present Situation & problem ofAgrarian Economy: Agriculture incompetent to add to the economic growth. Dependency for loans & therefore decision of policies by international organizations. Withdrawing of Govt. from various services because of external influences. Shifting of cropping pattern mainly to cash crops. New economic policy.
Conclusion Agriculture is still the biggest employer in India, with 54% of the population engaged in farming. 43% of all Indias land in used in agriculture, but it only contribute 16% of the Indian GDP. According to WHO 61% of all farmers cultivate less then 0.4 hectors only enough to feed themselves.