effects the globalization on the Indian farming sector -both of position and nigation
Answers
Agriculture is a biological industry and in India even after six decades of planned economic development, it is still a way of life of the people of the country. Agriculture accounted for 17.8 per cent of the GDP (at constant prices in 2007-08). It accounts for about 60 per cent of the employment in the country and being the provider of food and fodder. Agricultural sector contributed 12.2 per cent of national exports in 2007-08. In 1947, the share of Indian agriculture in total GDP was 50%. Today it is about 20%. 60% of India’s population depends on agriculture for their survival. In 1988-89 (prior to financial sector reforms), the growth rate in agriculture was 15.4%. In 2006-07, it was 9.4%. 80% of farmland holdings is under five acres (2 Hectare). The cost of production by way of farm inputs has increased manifold over the years while land productivity remained the same and the sale price of farm produce has not increased commensurately. The smaller the landholding, the higher the cost of production. Prior to 1990s Indian agriculture was self-sufficient. Farmers produce their productivity for future needs. The practice of agriculture was organic farming with a minimum pesticides and fertilizers.