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Importance Of Indian Agriculture Essay

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Indian Agriculture has come a long way since the country’s freedom. Today, India is the second best in the world in farm output. Agriculture and allied sectors consist upto 13.7% of the GDP (Gross Domestic Product) in 2012-13. The economic contribution of agriculture to India 's GDP is constantly going down with the country 's broad-based economic growth. Still, agriculture is the broadest economic sector of our country and plays an important role in the overall socio-economic culture of India. The profitability of crops in India is a matter of great concern today. The general trend tells us that the pattern of profits for the farmers is not constant. They rarely have huge profits and so are most of the times subdued in poverty. According …show more content…

The lack of cheap and effective means of transportation is one of the problems faced by Indian agriculture. Even today, there are lakhs of villages do not have connections with main roads or with market centres. Agriculture is an important industry and thus it also requires high capital. The importance of capital input is becoming more important with the advancement in farm technology. Agrarian distress leads to farmer suicides. Only 25% of the times farm related reasons are cited as it can be seen that greater debt burden and greater reliance on informal sources of credit amongst farmers do not come up a lot in these studies (Panagariya and Arvind, 2008). The main reasons expressed behind farmer suicides were – debt, alcohol addiction, low produce prices, environment, stress and family responsibilities, poor irrigation, apathy, increased cost of cultivation, use of chemical fertilizers, private money lenders and crop failure (Dongre and Deshmukh, 2012). Most of the Indian farmers are dependent on rains for their crops. So, in case of a drought season they have no backup and are unable to produce enough to get profits. The losses they make also do not allow them to pay back to the moneylenders hence, they stay in

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