India's economic basis is mostly based on agriculture, as farming provides food for more than 55 percent of the country's population. Nonetheless, the landscape of Indian agriculture is characterised by a technological divide, adequate mechanization, As a result, a sizable portion of society is dependent on agriculture, the contribution of agriculture in Indian economy can be seen in many ways.
UNIT-IV-STEERING, BRAKES AND SUSPENSION SYSTEMS.pptx
The Role of Agriculture in Indian Economy.pdf
1. The Role of Agriculture in Indian Economy
India's economic basis is mostly based on agriculture, as farming provides food for more than 55
percent of the country's population. Nonetheless, the landscape of Indian agriculture is
characterised by a technological divide, adequate mechanization, As a result, a sizable portion of
society is dependent on agriculture, the contribution of agriculture in Indian economy can be seen in
many ways, such as-
• Food Security: A pivotal role of agriculture lies in ensuring sustenance for a vast majority of
Indians. Adequate nourishment caters to individuals' dietary requisites, thus fortifying
human capital.
• Livelihood Provision: Another key facet of agriculture's relevance is its role in providing
livelihoods for over 55 percent of the population, particularly in rural hinterlands.
• National Income Contribution: Agriculture contributes approximately 20 percent to India's
overall income, thereby generating financial resources for both agrarian and non-agrarian
rural households.
• Export Revenue Source: Agricultural produce constitutes around 12 percent of India's total
exports. Export-oriented crops like coffee, tea, and cotton augment foreign exchange
earnings.
• Raw Material Supply: Agriculture serves as a cornerstone for various industries, including
textiles, food processing, and pharmaceuticals. These sectors heavily rely on crops like
cotton, fruits, and medicinal plants.
• Rural Development Catalyst: Agricultural growth has the potential to catalyze rural
development by bolstering essential services, education, healthcare, and infrastructure,
thereby narrowing the rural-urban divide.
Priorities for Indian Agriculture
2. • Technology Adoption: Encouraging the adoption of contemporary agricultural methods and
technologies, such as precision farming, drip irrigation, and biotechnology, holds the
potential to substantially augment productivity and sustainability.
• Research and Development: Investment in agricultural research is paramount for cultivating
crop varieties resilient to climate change, pests, and diseases, while concurrently enhancing
overall productivity.
• Infrastructure Enhancement: The development of rural infrastructure, encompassing
transportation, storage facilities, and marketplaces, will streamline the movement of goods
and mitigate post-harvest losses.
• Financial Accessibility: Ensuring credit and financial services accessibility for smallholder
farmers can empower them to invest in inputs, machinery, and technology that amplify
productivity.
• Market Connectivity: Establishing robust market linkages and reducing intermediaries can
empower farmers to command equitable prices for their produce, thus elevating their
income prospects.
• Climate Adaptation: Implementing climate-resilient farming practices and advocating
sustainable land management techniques will bolster Indian agriculture's adaptability to
evolving climatic conditions.
• Education and Extension Services: Granting farmers access to agricultural education and
extension services can equip them with the proficiency and skills essential for modernized
farming approaches.
Agriculture has a diverse role in India's economic growth, spanning issues of food security,
employment creation, income production, and export earnings. But it continues to face challenges
that prevent it from fully realizing its promise to support economic growth. If you want to more
information visits the website of TractorKarvan.