Why is there a decline in Agriculture?
Answers
India is basically an Agricultural society, where close to 59% of our population is dependent on it. Past 20 years of economic reforms has brought growth in services and manufacturing sectors but contribution of Agriculture has been coming down. It is now currently close to 15% of GDP as per Government of India statistics. During last fiscal year 2010-2011, Agriculture growth has been 3.28% against the expected 4.0%. It has became least the preferred employment opportunity. In-spite of having bumper crops every year, we still house most hungry and malnutrition people in whole world. The food prices are raising, but this is not transforming into income growth to Agriculture. Is Indian agriculture is a paradox? , so what are the factors leading to this dichotomous situation.