Assignment On Agriculture Sector
Assignment On Agriculture Sector
agriculture sector’s
external environment
analysis
Agriculture plays a vital role in India’s economy. Over 58 per cent of the rural households
depend on agriculture as their principal means of livelihood. The share of primary sectors*
(including agriculture, livestock, forestry and fishery) is estimated to be 20.4 per cent of the
Gross Value Added (GVA) during 2016-17 at current prices.
The Indian food industry is poised for huge growth, increasing its contribution to world food
trade every year due to its immense potential for value addition, particularly within the food
processing industry. The Indian food and grocery market is the world’s sixth largest, with
retail contributing 70 per cent of the sales. The Indian food processing industry accounts for
32 per cent of the country’s total food market, one of the largest industries in India and is
ranked fifth in terms of production, consumption, export and expected growth. It contributes
around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and
Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial
investment.
1. Population is Increasing
By 2050 the world’s population is projected to hit 9 billion people. To be able to feed and
clothe the world, the population is going to rely heavily on agriculture. With that comes the
need for new technology, hard workers, creative minds, and college graduates that are ready
to get into the workforce and support this ever-changing industry.
Job Diversity
Within the last 20 years, agriculture has expanded and become so diverse, giving job seekers
a wide variety of careers to choose from. There are significant jobs in production, economics,
marketing, agribusiness, technology, sales, finance, microbiology, communications, and
much more. In 2013, there were 52,862 jobs posted on AgCareers.com containing
differentiated career opportunities in every aspect of the agricultural industry!
The truth of the matter is, there just are not enough people going into an agricultural related
program of study causing a shortage of qualified job seekers. According to the
AgCareers.com Enrollment and Employment Outlook Survey, less than 1% of college
students are in an agricultural major. In 2013 there were 56,000+ career opportunities in the
industry but only 29,000 graduates were trained to fill them.
3. Industry Growth
Since the industry is growing at such a fast pace, there is high demand for qualified job
seekers in every aspect of agriculture. The U.S. Department of Labor projects significant
growth in selected food, renewable energy, and environmental jobs from now and throughout
2018. Even more, the Agribusiness HR Review shows that 60% of employers are planning to
do more college recruiting within the next 1-5 years.
4. Technology Advancements
Agricultural technologies are constantly evolving to help improve productivity. With the new
technology, comes a need for job seekers with the right education to be able to work with and
develop the technology that will continue to shape the industry.
5. Increased Salary
To remain competitive and to secure the best talent in the industry, employers have been
consistently increasing salaries. They have also offered better benefit packages to retain
employees. Furthermore, qualified talent is being promoted now faster than any other
generation has before.
6. Rewarding
Working in an agricultural related field is rewarding. You get the peace of mind knowing that
you are making a positive impact on those around you. People that have careers in agriculture
are passionate about what they do and want to see the industry be successful and prosperous.
It’s rewarding to know that by working in an ag-related career, you are making a difference.
Plus, the industry is an easy sector to network and make lasting connections with others in
your field.
It is undeniable that the agriculture industry is one of the smartest career paths to take.
Whether you are looking for a company that you fit in with, a competitive salary, or you want
to make a difference, the agricultural sector has such a wide variety of jobs to choose from
that it is easy to find what suits you best. It’s a growing field that needs new and talented
employees to be ready to fill positions and be the next generation of agriculture.