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India is one of the world’s top agricultural countries, with agriculture employing over two-thirds of the population. The effect of this industry may be seen in a variety of other industries. Indian agricultural goods are sold to various foreign locations, and the country’s growth and development are heavily reliant on them.
1) Agriculture provides job possibilities for millions of people around the country.
One of the primary reasons for India’s economic development is its large workforce, which supports various jobs across the country. Even though many individuals have shifted their occupations or professions from farms to fields, agriculture plays an important role in development and employment for millions of indians in various areas. Moreover, it has provided us with a solid basis by considerably contributing to GDP through agriculture output and exports.
2) Food security is a key concern for policymakers in India.
Food security is a concern for most developing countries, including India. Given that this industry employs over half of the people in our nation, it is critical to ensure that food grains are accessible to all. Farmers should have access to adequate irrigation and fertilizer in order to produce high-quality crops on time. This would assure a steady supply of food grains across the country.
3) Every year, Indian agriculture earns a lot of money.
Agriculture provides low-cost yet effective solutions to significant challenges such as hunger, poverty, and so on. Export revenue was 32 billion dollars in 2012, and it is anticipated to rise considerably in the coming years. However, there is still a substantial amount of untapped potential in this area that must be addressed right away. The agricultural commodity market prices have been very commendable in the last decade.
4) Indian agricultural products are exported to a variety of overseas markets.
Exports from a country’s own country are necessary for any nation’s economy to grow, since they boost money from foreign countries through trade agreements. In the case of India, exports have been increasing year after year as the country’s increased penetration into various global markets has resulted in a significant competitive advantage in the form of lower production costs due to the availability of cheap labor and natural resources, among other factors. Furthermore, agri-commodities account for a significant portion of our exports and provide significant job opportunities across the world, balancing their share of exports with our imports. It is essential to ensure balanced trade.
5 ) Increase in agricultural production will help the country sustain itself amidst a growing population
As mentioned earlier, about two-thirds of India’s total population depends on agriculture for their day-to-day living and thus contribute substantially towards growth and development. This sector has a major role to play as if they increase their production levels; one can meet the excessive demand put forth by such a large number of people whose livelihood depends upon this sector. The faster everybody increases their production capabilities, the better off we’ll be at least for now.
6) Agriculture in India is the backbone of our country’s economic growth.
We must recognize that india’s agriculture industry is a major contributor to our current situation. One would not have developed as quickly if it weren’t for the enormous workforce, hard-working farmers, and supporting legislators who believed in our cause so passionately. This has inspired one to be much more ambitious about what we can accomplish in the future. Indian agricultural goods are sold to various foreign locations, and the country’s growth and development are heavily reliant on them.
This was some great information regarding commodities in the form of benefits for agricultural commodities in India.
