Author
The author is correspondent with BW Businessworld
Not a crystal ball, but projections peg a 5.6% growth in agriculture that could by 2047 push India’s GDP up to 10.4% and transport the farming community to Utopia
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India's Gross Domestic Productivity (GDP) is expected to grow at 7.1 per cent in the Financial Year (FY) 2016-17. It is believed to be led by growth in private consumption, while GDP of agriculture is expected to grow beyond the old trend and could grow at 4.1 per cent to reach at Rs 1.11 trillion.
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We need intervention that can help in aggregating farmers and their produce, establishing a direct mode of physical and information exchange between buyers and farmers.
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A single seamless market for agriculture commodities in the nationwide market may not be a single solution for entire agri-marketing issues. It will still play a major role for better results.
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It is important to mention here the key areas which are and can further help Indian agriculture to grow and achieve the estimated figures
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A well-articulated institutional mechanism both at the central and state level is required for the benefits of a scheme like MIS to reach the farmers.
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With the various projections indicating policy decision by government to restrict imports, a better consumption and market strengthening is very much on cards
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Agriculture distress in India is going through the balloon effect, you press it on one end and the bulge will come out from the other.
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Union government had drafted a new Agriculture Production and Livestock Marketing Act which has been said to remove flaws of APMC act and agriculture may soon be given industry status
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Uttar Pradesh government will be giving certificates to around 86 lakh farmers, who would benefit from the state government’s announcement of loan waiver scheme.
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