OPPORTUNITIES FOR STRENGTHENING OF AGRIBUSINESS SECTORS IN RURAL INDIA

India is an agrarian economy and agriculture continues to be the mainstay of the Indian economy, whose contribution to the national gross domestic product is about 25% and provides livelihood for nearly 65% of the population, 21% of the total export and raw material to several Industries. Agricultur...

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Bibliographic Details
Published inInternational journal of management research and reviews Vol. 4; no. 4; p. 498
Main Authors Yogesh, M S, Chandrashekar, H M
Format Journal Article
LanguageEnglish
Published Meerut Society of Scientific Research and Education (SSRE) 01.04.2014
Subjects
Agribusiness
Agricultural commodities
Agricultural production
Agriculture
Developing countries
Farmers
Farms
Fertilizers
Food
Industrial policy
Infrastructure
Innovations
LDCs
Marketing
Product quality
Seeds
Technological change
India
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Summary:India is an agrarian economy and agriculture continues to be the mainstay of the Indian economy, whose contribution to the national gross domestic product is about 25% and provides livelihood for nearly 65% of the population, 21% of the total export and raw material to several Industries. Agricultural sector has tremendous potential for expansion of employment opportunities and consequently mitigating the levels of rural poverty. These objectives can be achieved only if concerted efforts are made to realize the untapped potential of this sector. Low productivity in many crops, imbalance in the regional development, post harvest losses and inadequate processing facilities are some of the major weaknesses. There is a greater need for efficient linkages between the producers and the consumers for expanding employment opportunities and increasing the rural income through better marketing of agricultural products. Apart from this, India with a population of 1.21 billion according to 2011 census, and 50 per cent below the 25age, has a favourable demographic profile making it one of the largest consumption hubs. The study attempts to make an overview of the opportunities in agribusiness sectors and to suggest effective strengthening backward linkages and forward linkages. The data analyzed by adopting Compound Annual Growth Rate analysis. [PUBLICATION ABSTRACT]
ISSN:2249-7196