Role of agriculture in Indian economy
- 2. i. Agriculture is an important part of India’s economy ii. The agriculture sector provides approximately 41.49% of total number of jobs in India. iii. It contributes around 19% to the GDP of Indian Economy iv. Agriculture is the only means of living for almost two thirds of employed class in India v. The agriculture sector of India has occupied almost 51% of India’s Geographical Area ABSTRA CT
- 3. INTRODUCTI ON In India, Small farmers – 80-87% Large farmers – 13-20% 1. Over the 77% of the rural households in India depends on Agriculture 2. Indian Agriculture has received impressive growth over last two decades 3. The food grain production has be increased from 51 million tonnes(1950-1951) to 303 million tonnes(2020-2021)
- 4. OBJECTIVE S i. To know current status ii. To provide a basis of monitoring and evaluation The Directorate of Economics and Statistics, Ministry of Agriculture (DESMOA) is responsible for the collection. Weekly and daily wholesale prices Retail prices of essential commodities Farm harvest prices Weekly wholesale prices cover 140 agricultural commodities from 620 markets Retail prices of essential commodities are collected on a weekly basis from 83 market centre in respect of 88 commodities by the staff of the state market intelligence units, State directorates of economics and statistics and State department of food and civil suppliers CURRENT STATUS
- 6. 0 10 20 30 40 50 60 1950 1960 1970 1980 1990 2000 2010 2020 2021 Agriculture Industry Services Sector contribution to GDP(%) Years Percentage %
- 7. AGRICULTURAL SCENARIO AND REASONS FOR i. Largest provider of livelihood in India ii. Contributes 19% to India’s GDP iii. It still dependent primarily on the monsoons iv. The growth in agricultural production has been stagnant for the past several years v. Drought in north and western parts created shortages in supply of food grains vi. Reduction in agricultural subsidies & lack of easy credit to agriculture
- 8. MAJOR ROLE 1) Share in national income 2) Largest employment providing sectors 3) Providing raw materials to industries 4) Market for industrial products 5) Provision of Food grains 6) Foreign exchange 7) Significance of trade and transport 8) Source of revenue for the government
- 9. CONCLUSION Change is happening in India but it has still a long way to go Agriculture has benefited from improved farming techniques but the growth is not equitable Land use in rural areas were changing and farmers are getting good value for their holdings. The effort should be to stop the migration to urban areas Wholesale prices are primarily used to monitor Minimum prices should be fixed to essential commodities