Explain how modernization of Indian agriculutre is affected by unfavourable institutional factors with suitable examples
Answers
There are various parameters on which the modernization of Agriculture is measured such as:
-Use of HYV / GM seeds in agriculture.
-Use of Fertilizer, pesticide, Insecticides etc.
-Use of modern farm equipment like Tractors, Tillers, Harvester, Thrasher etc.
-High productivity per unit hectare of land.
-Perennial source of irrigation
-Insurance facility for crop failure
-Availability of capital for buying input materials.
The institutional factor plays the most important role in fulfilling the parameters on which modernization of agriculture depends. But due to continuous failure of institutional factors in supporting Indian Agriculture, The contribution of Agriculture has come down from 50-60 % to 15% of GDP from Independence to the present.
Explanation:
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