- Dec 17, 2020
- Blog English, Other,
The Merriam-Webster’s dictionary defines agriculture as “the science, art or practice of cultivating soil, producing crops and raising livestock and in varying degrees the preparation and marketing of the resulting products”.
Agriculture is the primary occupation for about 58% of the Indian Population. In FY20 (PE), The GVA (Gross Value Added) by agriculture, along with fishing and forestry was estimated to be INR 19.48 lakh crore (US$ 276.37 billion). Growth in GVA in agriculture and allied sectors came at 4% in the same year. The Indian food industry is ready for tremendous development, expanding its commitment to world food exchange each year because of its colossal potential for esteem expansion, especially inside the food handling industry. Indian food and staple market are the world’s 6th biggest, with retail contributing 70% of the deals. The Indian food handling industry represents 32% of the nation’s absolute food market, probably the biggest business in India, and is positioned fifth regarding production, consumption, export, and expected growth.
Essential agricultural commodities export for the April-September time of 2020 expanded by 43% to Rs. 53,626 crores (US$ 7.3 billion) over Rs. 37,397 crores (US$ 5.1 billion) in a similar period a year ago.
1. Contribution to National Income
Agriculture and its connected exercises have consistently held a critical offer in our national income. As of late, the portion of commitment has declined progressively with the development of other industrialized areas in the nation. In 1950-51, agriculture and associated exercises contributed around 59 percent of the all-out national income. This number declined to 40 percent in 1980-81 and afterward to 18 percent in 2008-09. Be that as it may, the agriculture share in India actually stays high when contrasted with many developed nations of the world. For instance, agriculture contributes just 3 percent to the national income in the U.K. & U.S.A.
2. Source of Livelihood
More than 66% of the working populace in India is locked in the Agricultural area. According to a gauge, around 58 percent of the working populace is occupied with agriculture, as contrasted to 2 to 3 percent in the U.K. &, U.S.A. and 6 percent in France.
3. Source of Food Supply
Farming items are the significant wellspring of food supply for the colossal populace of our nation. According to specific evaluations, it meets around 60% of family unit utilization.
4. Function of Agriculture for Industrial Development
There are a few significant ventures in India, for example, cotton and jute materials, sugar fabricating, eatable oils, estate enterprises (tea, rubber, and coffee), and numerous agro-put together cabin businesses that depend on the rural area for the inventory of their crude materials. These agro-based ventures produce around 50% of income in the manufacturing sector, hence, agriculture helps in the advancement of this nation.
5. Commercial Importance
Agricultural items establish a huge piece of the exports of this nation. A portion of the primary things in our export list incorporate tea, coffee, sugar, tobacco, cashew nuts, spices, and so forth These add to around 50% of the complete exports from India. Notwithstanding Agricultural items, items from agro-based enterprises like jute and cotton materials likewise offer another 20% to the nation’s exports. Consequently, the agriculture area is crucial to the nation’s worldwide exchange and trade exercises.
6. Wellspring of Government
Both the Central and State Governments of the nation procure critical incomes from the agriculture area. The rising land revenue also adds to this value. There are likewise different areas like railroads and streets that determine a decent piece of their pay from the development of Agricultural merchandise.