Explore economic activities

The tural economy of India has continuously been supporting and contributing to the growth parameters of the country. More so, as india paves its way towards rapid urbanisation, the rural economy continues to play a pivotal role as the prime mover towards the country's Gross Domestic Product (GDP), with the bulk of the population ying in rural belts, parameters including the growth, income, and consumption trends of these residents hold the key to boost demand, reve the economy and sustain economic growth According to the Economic Survey 2020 2021, the share of agriculture in gross domestic product (GDP) has reached almost 20 percent for the first time in the last 17 years, making it a bright spot in GDP performance. The resilience of the farming community in the face of adversities, especially

the ongoing COVID-1 pandemic, made agriculture the only sector to have clocked a positive growth 3.4 percent of constant prices in 2020-21, when other sectors had slid. The share of agriculture in GDP increased to 19.5 percent in 2020-21 from 178 percent in 2010-20 The last time the contribution of the agriculture sector in GDP was at 20 percent was in 2003-04. The second wave of the pandemic sweeping across the country has hit the rural areas. However, the forecast of a normal mansoon is expected to sustain rural demand and overall output in 2021-22. The has noted that the record foodgrain productice and buffer stocks in 2020-21 has provided food security and support to other sectors of the economy in the tonn of rural demand, employment and agricultural inputs and supplies, including for exports. The Ministry of Finance, in its recent monthly economic report has echoed the Har's ww it said agriculture continues to be the silver lining with record foodgrain production estimated in the ensuing crop year on the back of predicted normal momsoons and added that rural demand indicators would remain robust. Overall, the government has been optimistic that the rural economy will withstand the onslaught of the pandemic

The big picture that emerges according to latest estimates is that the government has set the foodgrain production target at 307.3 million tonnes for the 2021-22 crop year, up by 1.3 percent from last year's estimated foodgrain production of 3033 million tones and there is comfort level regarding the availability of farm inputs including seeds and fertiliser. Another important aspect, the production of horticulture crops in india has been estimated at a record 320.48 milion metric tonnes (MMT) in FY20 as per second advance estimates Besides, India has the largest livestock population of around 535.7 million, which translates to around 31 percent of the world's Milk production in the country set to increase to 200 MT in F21 from 158 MT in FY20, registering growth of 10 percent y-o-y inda's sugar production rose by 20 percent to 258 68 lakh tonne til March 15 on higher cane production. Last year 87.16 lakh tonne sugar was produced compered to 84.25 lak tanne so far this year Overall, the agriculture and allied activities clocked a growth of 1.4 percent at constant prices during 2020-21 (first advance estimate) says the latest Economic Survey The agri export from India is likely to reach the target of USS 60 billige by the year 2022 as major export destinations of USA, Saudi Arabia, Iran, Nepal and Bangladesh have continued to receive their share of marine products, rice, buffalo meat, spices, cotton ra, o me, suge castor oil and tes from ind

Road Ahead-Need To Expand Economic
Activities:

Against this backdrop, let's have a set look at the sector from an analytical and theoretical point of view. Farming is the fabric of rural society and, in many countries of the world today it s is the key economic activity, so much to that any sudden and profound changes which impact the farm sector could have severe consequences even in terms of social and political stability rural areas throughout the world, agriculture represents

the predominant land use and amor component of the viability of rural areas. Farming and related activities contribute significantly to the employment and business apportunities, frastructure and quity of the environment in the rural landscape in most economically developed countries, farming accounts for a relatively small part of a diversified nural economy and as addition the significance of agriculture in terms of the proportion of national wealth and employment is going down. However, this does not lessen the potential role of farming despite the fact that the contribution of economic activities to rural development in different countries vary in developing countries, rural development policies shoot look at the contribution of farming. both in termit of improving on farm activites and supporting ancillary services to secure sustainabi development. The main potential contributions of farming to rural development are in terms of supporting employment, ancillary businesses and environmental services in peripheral regions, farining may be necessary to support the economic and social infrastructure in the context of agricultural reforms, it should contain sufficient flexibility to low countries to promote rural development, especially to preserve social and political stability.

As of now, Indie is gearing up to touch the target of doutring farm income by 2022 The agriculture sector which is expected to generate better momentum in the next few years is mainly due tu increased investment related infrastructure such as irrigation facilities, warehousing and cold storage. Also, the growing se of genetically modified crops as lisely to boost yield for the farmers as the country launches itself on the road to self-sufficiency especially in pulses over the coming few years mainly due to the concerted effort of scientists to get early maturing crop varumes and the increase minimum support price Going forward, same initiatives include the adoption of food safety and quality assurance mechanisms such as Total Quality Management (TOM) including 150 9000 SO 22000, Hazard Analysis and Critical Control Points (HACCP), Good Manufacturing Practices (GMP) and Good Hygenic Practices (CHP) by the food processing industry will help increase the critical mass of agriculture production in the next five years, the government will target USS 9ion in the fisheries sector under PM Matiya Sampada jane and is also planning to raise fish production to 220 lakh tonnes by 2024-25

the number of agro-industry clusters near the villages to help beatt slag employment.