Indian Agriculture status, Importance & Role In Indian Economy

By Megha Acharya

The aggregate growth in the agricultural sector determines that the future of the agrarian economy is not bleak

• Despite people shifting their occupations from agriculture, UN states that India ranks second in the agricultural production in the world
• India’s horticulture production has also increased

Indian agriculture is facing a huge crisis since many years. Despite continuous reports suggesting that the agrarian economy of India is getting affected, as people are shifting away from the agricultural sector and are moving towards industrial sector development, the food and agriculture organization of United Nations (UN) has stated that India ranks second in the agricultural production of the World. In the past 11 years, the country’s agricultural production has increased from $87 billion in the financial year 2004-05 to $322 billion in the fiscal year 2015-16.

Interestingly this is not just the only positive point being witnessed about the agricultural situation of the nation. The country’s horticulture production has also increased with the passage of time. The horticultural production includes fruits, vegetables, plantation crops, and spices. The increasing demand of fruits and vegetables has augmented the production estimate to 295 million tonnes in 2016-17, which is 3.2 % higher than the production in 2015-16.

Earlier in May, the agriculture ministry released a second advance estimate of horticulture production, stating that the farm area under the horticulture crops has recorded an increase. The increase was from 245 lakh hectares of farm in 2015-16 to 249 lakh hectares in 2016-17. The Indian economy’s earnings from agriculture as compared to the service sector has been absolutely great. The net export from agriculture was noted $16 billion, and those from the commercial service were 9% in 2014.

When the country is facing even greater challenges like farmer suicides, protests, and monsoon failure, figures like these tend to bring smiles on our faces, even if it is for a short time. The aggregate development can never alleviate the plight of farmers. The percentage growth may satisfy the government and us both, but does it really satisfy the farmers? A wiser approach like good law and order towards the handling of problems and crisis should be taken, and then only can there be a better future in the agriculture.

Source: newsgram.com