India is a wonderful country.
About 80 percent of the Indian population is staying in rural areas and their roots are quite closer to nature. The main occupation of rural India is agriculture. India is full of diversity with respect to its needs for agriculture and food requirements. The basic reason might be its vast spread from the Himalayas to the Indian Ocean. The weather, availability of food, and eating habits also differ vastly. The climate ranges from minus temperatures to quite hot and humid. All of these things have a deep impact on agriculture.
India’s share in the world trade in agricultural commodities is less than one percent. For over four decades this industry remained highly protective and agriculture served as a source of cheap raw materials for the domestic industry, a very large segment of which was inefficient and globally non-competitive. This had a dampening effect on agricultural exports and investment in agriculture. But, with the increase in literacy rate, now farmers have been updating themselves with the latest technological innovations. The major focus is on better productivity with less/ no use of chemicals. The new economic policy since 1991-92 has attempted to correct this imbalance and agriculture has now begun to see some gains through competitive exports. A number of policy changes have been introduced to make agricultural exports more viable. A decreased import duty on capital goods particularly for greenhouse equipment, and plant and machinery necessary for food processing industries, as well as easier availability of credit for export has helped agricultural exports. The major contribution has been with technological innovation though. Nowadays, farmers are expressing their interest to embrace new technologies in the agriculture sector. Some examples of these emerging technologies have been mentioned below.
This story is from the January - February 2019 edition of Business Of Agriculture.
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This story is from the January - February 2019 edition of Business Of Agriculture.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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