An study on the impact of Foreign Direct Investment on Indian Agriculture
Author(s):
Dr. Shrimant Tangade
Keywords:
Agriculture, Subsistence level, Capital scarcity, Supplementary capital, FDI.
Abstract
The term Agriculture is derived from two Latin words called ‘Agri’ meaning ‘land’ and ‘Cultura’ meaning ‘Tillage’. Hence Agriculture means Tilling the Land. Around 2/3rd of the world population is dependent on agriculture for its livelihood. As per 2011 Census, In India, 69% of the total population lives in villages and more than 49% of the total working population are dependent on agriculture. Agriculture has a greater role to play in the economic development of a country. Apart from contributing 17% to national income, it provides largest employment opportunity for larger segment of the population. In India more than 49% of the population, still depends on agriculture. Hence Indian Agriculture is regarded as the “back bone of Indian economy”. Agriculture supplies food grains to people. During 2015-16, around 275 Million tonnes of food grains was grown in the country, apart from this agriculture supplies fodder to animals, cattle & livestock. Agriculture also supplies raw materials to industries like raw cotton to cotton industry, sugar cane for sugar industry, oil seeds for edible oil industry, jute for jute industry, Wheat for Biscuits industry etc. These industries are known as ‘Agro based industries’. The prosperity of these agro based industries is directly dependent upon the availability of inputs from the agricultural sector. Apart from that agriculture creates market for the Industrial output like fertilizers, pesticides, tractors. The demand for industrial products depends upon the income of the farmers which in turn depends upon agricultural production. Despite having an important role to play, the agricultural sector in India, unlike developed nations, exists at the subsistence level. To raise the standard of living of the people and to enable them to use the benefits of science and technology, miraculous advances in agriculture, industry, transport, communication, education, health services and other fields, it is almost essential that, capital formation should take place at a higher rate than before, so that the big development projects may be financed properly. When domestic capital available is not sufficient
Article Details
Unique Paper ID: 150365

Publication Volume & Issue: Volume 5, Issue 7

Page(s): 378 - 382
Article Preview & Download


Share This Article

Go To Issue



Call For Paper

Volume 7 Issue 3

Last Date 25 August 2020

About Us

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org

Social Media

Google Verified Reviews

Contact Details

Telephone:6351679790
Email: editor@ijirt.org
Website: ijirt.org

Policies