Prospects of Agriculture in India

Prospects Of Agriculture In India

Agriculture as an Engine for Industrialization
More recently, commercial agriculture has been a powerful engine for economic development in Thailand, where 70% of the population is still employed in the farm sector.

Indias Competitive Advantage in Agriculture

1. It has regions which are climatically favorable for cultivation of every commercially-important plant species grown in other parts of the world The country already possesses the largest acreage of irrigated land in the world with 40% of the potential still to be tapped.

2.

Creating Rural Jobs as a Counter to Urban Migration

According to one estimate, for every ton of additional foodgrains produced in India, one new job is created in the economy.

Prospects Of Agriculture In India

Growing Domestic Demand
As incomes rise, the domestic market for horticulture products is projected to increase by 60% over the next six years.

Tremendous Export Opportunities

1. 2. Agriculture exports, including textiles, have risen from Rs 10,000 crores to Rs 40,000 crores over the past five years. Floriculture is a $40 billion global industry that is projected to reach $70 billion.

Closing the Productivity Gap

The average yield of tomato in India is 12 tons per acre versus 34 tons in the USA, but yields as high as 38 tons have been achieved by commercial farmers in India

Prospects Of Agriculture In India Action Plan

Establish commercial farming schools to demonstrate cultivation of highly profitable crops Establish scientifically run soil labs in every district to test Widely publicize achievements in the agri-business sector to generate awareness of the enormous potential for the country. Establish integrated horticulture estates covering one million hectares of irrigated land, for private farmers to cultivate high profit vegetable and fruit crops Encourage the private sector to acquire or lease degraded, uncultivable waste lands and to utilize advanced technologies to reclaim acres for intensive horticulture & farm forestry.