An Analytical study of Contribution of Agriculture Sector in growth of Indian Economy
DOI:
https://doi.org/10.53724/jmsg/v7n1.03Keywords:
Indian Economy, GVA, Foreign Direct InvestmentAbstract
Abstract
Agriculture sector referred as primary sector. it is very important for economic growth of any country. It emerged as an essential-growing sector within the world economy. This sector contributes huge part of Indian GDP and occupy first place in employment provider. 58% of India’s population is depends upon Agriculture. Gross Value Added (GVA) by agronomy, forestry and trawling was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20 (PE). GVA Growth in agriculture and related sectors stood at 4% in FY20. Essential agricultural commodities export for the April-September period of 2020 enlarged by 43% to Rs. 53,626 crore (US$ 7.3 billion) over Rs. 37,397 crore (US$ 5.1 billion) in the same period last year. Its respectable share in foreign direct investment (FDI) inflows similarly as in total exports makes it the engine of economic process. Keeping in higher than scene, the current study makes an analysis of agriculture sector in Indian economy. The study shows that agriculture sector has achieved incredible growth over the year in Indian economy. Besides, their contributions in value, employment and exports are rising significantly. To take care and accelerate the expansion & contributions of this sector & to develop it as a real engine of economic process.
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References
Gupta Saugar, “Planters Punch. The Pioneer”, January 4, 2004, New Delhi.
Suresh A. and Pooran Chand,” Trade-Related Aspects of Intellectual Property Rights”, Kurukshetra, Vol. 52, No. 4, April 2004, New Delhi.
Acharya, S.S., “Agricultural price policy and development: some facts and emerging issues”, Indian Journal of Agricultural Economics, vol. 52, No. 1: 1-47.
GOI (2008-09), Agricultural Statistics at a Glance, Ministry of Agriculture, (http://agricoop.nic.in/)
Acharya, S.S., “Agricultural price policy and development: some facts and emerging issues”, Indian Journal of Agricultural Economics, vol. 52, No. 1: 1-47.
CSO (2007), "National Accounts Statistics 2007 and back issues", Central Statistical Organization, Ministry of Statistics Ahluwalia, M.S., “New economic policy and agriculture: some reflections”, Indian Journal of Agricultural Economics, vol. 51, No. 3, pp. 412-426, 1996
The changing landscape of agricultural markets and trade: http://www.oecd.org/agriculture/topics/agricultural-trade/ (20.07.2021)
Sector-wise GDP of India: http://statisticstimes.com/economy/country/india-gdp-sectorwise.php (20.07.2021)
Ibid.
Gupta Saugar, “Planters Punch. The Pioneer”, January 4, 2004, New Delhi.
Suresh A. and Pooran Chand,” Trade-Related Aspects of Intellectual Property Rights”, Kurukshetra, Vol. 52, No. 4, April 2004, New Delhi.
Acharya, S.S., “Agricultural price policy and development: some facts and emerging issues”, Indian Journal of Agricultural Economics, vol. 52, No. 1: 1-47.
Gupta Saugar, “Planters Punch. The Pioneer”, January 4, 2004, New Delhi.
Ibid.
Suresh A. and Pooran Chand,” Trade-Related Aspects of Intellectual Property Rights”, Kurukshetra, Vol. 52, No. 4, April 2004, New Delhi.
Acharya, S.S., “Agricultural price policy and development: some facts and emerging issues”, Indian Journal of Agricultural Economics, Vol. 52, No. 1: 1-47.
GOI (2008-09), Agricultural Statistics at a Glance, Ministry of Agriculture, (http://agricoop.nic.in/)
Ibid.
CSO (2007), "National Accounts Statistics 2007 and back issues", Central Statistical Organization, Ministry of Statistics
Ahluwalia, M.S., “New economic policy and agriculture: some reflections”, Indian Journal of Agricultural Economics, vol. 51, No. 3, pp. 412-426, 1996
GOI (2008-09), Agricultural Statistics at a Glance, Ministry of Agriculture, (http://agricoop.nic.in/)
CSO (2007), "National Accounts Statistics 2007 and back issues", Central Statistical Organization, Ministry of Statistics.
Ahluwalia, M.S., “New economic policy and agriculture: some reflections”, Indian Journal of Agricultural Economics, vol. 51, No. 3, pp. 412-426, 1996
Gupta Saugar, “Planters Punch. The Pioneer”, January 4, 2004, New Delhi.
Suresh A. and Pooran Chand ‘Trade-Related Aspects of Intellectual Property Rights”, Kurukshetra, Vol. 52, No. 4, April 2004, New Delhi.
Acharya, S.S., “Agricultural price policy and development: some facts and emerging issues”, Indian Journal of Agricultural Economics, vol. 52, No. 1: 1-47.
GOI (2008-09), Agricultural Statistics at a Glance, Ministry of Agriculture, (http://agricoop.nic.in/)
CSO (2007), "National Accounts Statistics 2007 and back issues", Central Statistical Organization, Ministry of Statistics.
Suresh A. and Pooran Chand, “Trade-Related Aspects of Intellectual Property Rights”, Kurukshetra, Vol. 52, No. 4, April 2004, New Delhi.
GOI (2008-09), Agricultural Statistics at a Glance, Ministry of Agriculture, (http://agricoop.nic.in/)
Acharya, S.S., “Agricultural price policy and development: some facts and emerging issues”, Indian Journal of Agricultural Economics, vol. 52, No. 1: 1-47.
Suresh A. and Pooran Chand, “Trade-Related Aspects of Intellectual Property Rights”, Kurukshetra, Vol. 52, No. 4, April 2004, New Delhi.
Gupta Saugar, “Planters Punch. The Pioneer”, January 4, 2004, New Delhi.
GOI (2008-09), Agricultural Statistics at a Glance, Ministry of Agriculture, (http://agricoop.nic.in/)
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