5 Key Focus Areas for Indian Agriculture Sector
18 August 2017 In the year 2017 total production of food-grains was somewhere around 273.83 million metric tonne, writes Prabodh Krishna
on BusinessWorld.in. According to a data by World Bank, Indian food-grain production is likely to reach 280.6 million metric tonne by the year 2020-21. This seems to be a reasonable growth for the sector.
However, it is important to mention here the key areas which are and can further help Indian agriculture to grow and achieve the estimated figures.
BW Businessworld presents to you the five key areas which India should focus on to bring Indian agriculture sector to an advantageous position.
1. Demand Strength
As per India Brand Equity Forum, robust demand has made this food-grain production possible. A large population is believed to be a key driver of agrarian demand growth. A rise in urban and rural income can also be termed as a key factor for higher demands. External demands have also got a major role to play, for instance demands from Middle Eastern countries and Central Asian nations.
2. Attractive Opportunities
We should also focus on upcoming opportunities which hold the capability to further this demand. The opportunities which at the moment need attention include hybrid seeds, chemical fertilisers and organic fertilisers.
3. Competitive Advantages
There are few key competitive advantages in India’s current agrarian scenario as well. A high proportion of over 157 million hectares of agrarian land has a huge role to play among various advantages of Indian agriculture. India is the leading producer of Jute, and pulses; largest milk producer; largest buffalo meat exporter; and second largest wheat producer in the world along with paddy. India is also known for its standard productions of few horticulture produces and fruits like grapes and banana.
Read the full story on BusinessWorld.in.
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