The agricultural sector plays a crucial role in developing the Indian economy. Not only does it contribute to the country's GDP, but it also generates a significant number of jobs. Additionally, India has become a global outsourcing hub for agricultural inputs. However, the role of agriculture in the Indian economy is not always obvious.
Agriculture is the backbone of the Indian economy
India's agriculture is the backbone of the country's economy. It provides raw materials to industries, such as cotton, sugarcane, and jute. Other industries, like oil and gas, also rely on agricultural products for raw materials. In addition to providing raw materials, agriculture also generates significant government revenue. For example, a large portion of India's railway revenue comes from transportation of agricultural goods.
It contributes to the country's GDP
The Agriculture sector contributes to the GDP of a country in various ways. Its production stimulates the economy and has backward linkages with other sectors like the petroleum, chemical and machinery industries. Many of these industries depend largely on sales from farmers to make their products. Natural calamities, however, can affect agricultural sector production.
It is a major source of employment
Agriculture sector in India provides employment to a large number of people and is one of the main sources of GDP. However, the proportion of agriculture to the overall GDP has decreased over the past 50 years. Nevertheless, the country has made considerable strides in agricultural production over the last few decades, with the introduction of high-yielding seed varieties, fertilisers, and better water management systems. It is hoped that these developments will help farmers increase their production and incomes in the future.
It is a global outsourcing hub for agricultural inputs
India is a global outsourcing hub for agricultural input services, biotechnology and information and communication technologies (ICT). With its vast agricultural land, India is a significant source of raw materials, including cotton, jute textiles, sugar, vegetables, fruit and animal feed. Agriculture is also a major source of revenue for the country. Increased land revenue, increased per capita income and an increasing demand for quality food items are driving demand for agricultural inputs. In addition, transportation of agricultural goods is a key source of revenue for the government.
It is a source of livelihoods for a vast majority of people
India's agriculture sector supports a vast majority of the population, providing a source of livelihood to over a billion people. It is the world's largest producer of pulses, wheat, and cotton, and has the largest herd of cattle. The country has a staggering 195 million ha under cultivation. About 63 percent of this land is rainfed, while 37 percent is irrigated. An estimated 65 million ha is covered by forest, which provides a rich environment for farming.
It is a major source of revenue for the government
The government of India receives revenues from the agricultural sector, which is responsible for a large percentage of its GDP. Agriculture is also the main source of income for rural households in India. The livestock sector contributes more than one-third of the agricultural GDP and provides a livelihood to 70 percent of the country's rural households. Over the past few years, milk production in India has increased by about 4% per year, and future domestic demand for milk is expected to grow at a rate of five percent per year. While there are several challenges facing the dairy sector in India, there are also targeted programs which could boost production.
Research has shown that all types of alcoholic drinks, including wine, beer and spirits, can increase the risk of cancer.
The risk is linked to the actual alcohol (ethanol) in the drink, and increases with the amount drunk.
10 Amazing Indian Farming Facts Which You Must Know
About Kubota tractorKubota aims to keep upgrading Kubota tractors and agricultural equipment through advanced real-time onsite support, GPS mounted machinery, auto steering tractors, etc.
Kubota will continue developing technologies to spread this next-generation machinery as early as possible to realize labor-saving, high precision, and low-cost agriculture.
It also aims to contribute to the Indian economy and to help farmers increase their productivity.
Ltd. (KAI) is popular in India for its advanced sturdy tractors and other agricultural-based equipment like combine harvesters, tillers, and transplanters.
Its innovative idea to develop its own one of a kind Kubota mini tractors are all set to benefit India’s widely adopted small scale farming sector.Kubota Tractor Features : Kubota Corporation is a tractor and heavy equipment manufacturer based in Japan.
Kubota Agricultural Machinery India Pvt Ltd is the Indian subsidiary of Kubota Corporation, Japan.Kubota started its operations in India in December 2008.
Agriculture, the backbone of Indian economy, Indian agriculture is plagued by several problems.
Know some of the major problems that India faces in relation to agriculture and their possible solutions.For more details visit - https://kmwagri.com/agricultural-challenges-india-possible-solutions/
As per the studies, there are 1.73 billion users on Facebook, 126 million users on Twitter, 1 billion users on Instagram, 675 million users on LinkedIn, and over 2 billion users on YouTube across the world.Having such a mass audience available all the time has attracted the focus of all kinds of businesses to take advantage of social media through their marketing plans.Social media is not only about posting photographs or videos on your page, it is beyond that.
A good understanding and guidance can help in utilizing social media on its optimum limit for the marketing of your brand, products, and services.
If you still have not started using social media and social networking for your business then this blog is for you.What is Social Media Marketing?Social media marketing is a part of digital marketing that develops and shares content on social media sites to achieve marketing targets.
It involves activities like developing content for the text posts, using high-quality images and videos to give product/service information, and use paid ads to reach out to potential customers at a mass scale.
There are so many industrial sectors that provide products/services across the world and also offer decent job opportunities to Indian youth.
Although agriculture holds the major part of the Indian economy IT, manufacturing industries, healthcare, education, FMCG, BFSI, etc.
The debate over recent farm laws has generated some discussions around Minimum Support Price, new market avenues in agriculture etc.
Here is how policy and actions have taken shape on this front in the last six years.
