a glimps of agribusiness in India and its importance in Indian economy

1. MARGDARSHAN SANSTHAN AGRICULTURE
COLLEGE,AMBIKAPUR , SURGUJA (C.G)
Session : 2018-19
COURCE TITLE : AGRI-BUSINESS MANAGEMENT
COURCE CODE : ABM-5221
TOPIC : IMPORTANCE OF AGRIBUSINESS IN INDIAN ECONOMY & BUSINESS MODELS
SUBMITTED BY
ABHISHEK RAMTEKE (B.Sc (Ag.) 2nd YEAR 2nd Sem.)

2. INTRODUCTION
AGRICULTURE IS THE BACKBONE OF INDIAN
ECONOMY. AGRICULTURE IS THE MOST
IMPORTANT OCCUPATION FOR MOST OF THE
INDIAN FAMILIES.
IN INDIA , AGRICULTURE CONTRIBUTES ABOUT
16% OF TOTAL GDP & 10% OF TOTAL EXPORT .
THAT’S WHY INDIA SECURED SECOND POSITION
WORLDWIDE IN TERMS OF FARM OUTPUT. ABOUT
75% PEOPLE ARE LIVING IN RURAL AREAS ARE
STILL DEPENDENT ON AGRICULTURE. ABOUT 43%
OF INDIA’S GEOGRAPHICAL AREA IS USED FOR
AGRICULTURAL ACTIVITY.

5. SHARE IN NATIONAL INCOME
ALTHOUGH THE SHARE OF
AGRICULTURE IN THE TOTAL NATIONAL
INCOME HAS BEEN GRADUALLY
DECREASING ON ACCOUNT OF THE
DEVELOPMENT OF SECONDARY &
TERITARY SECTOR, IT STILL CONTIBUTE
ABOUT 18% OF NATIONAL INCOME IN
2013-14

6. SOURCE OF EMPLOYEMNT
IN INDIA AGRICULTURE IS THE MAIN SOURCE OF
EMPLOYMENT. MORE THAN 56% OF THE LABOUR
FORCE OF INDIA IS ENGAGED IN AGRICULTURE
AND DEPEND ON IT FOR THEIR LIVELIHOOD.
IT BECOME EVIDENT FORM THIS FACT THAT
OTHER SECTOR OF ECONOMY COULD NOT
GENERATE ENOUGH EMPLOYMENT FOR THE
GROWING POPULATION

8. SUPPLY OF RAW MATERIAL TO
INDUSTRIAL SECTOR
MANY INDUSTRIES LIKE COTTON INDUSTRY. SUGAR
INDUSTRIES etc. DEPENDS ON AGRICULTURE FOR THEIR
RAW MATERIAL REQUIREMENT.
MORE OVER WORKERS ENGAGED IN VARIOUS
INDUSTRIES DEPEND ON AGRICULTURE FOR THEIR
FOOD REQUIREMENT.

9. MARKET FOR INDUSTRIAL PRODUCT
AGRICULTURE PROVIDES MARKETS FOR
LARGE NUMBER OF INDUSTRIAL
PRODUCTS. SINCE ABOUT TOW THIRD 2/3
OF INDIA LIVES IN RURAL AREAS, THERE IS A
LARGE RURAL PURCHASING POWER WHICH
HAS CREATED A LARGE DEMAND FOR ALL
TYPE OF INDUSTRIAL PRODUCTS.
GREEN REVOLUTION HAS CONSIDERALY
INCREASED THE PURCHASING POWER OF
THE LARGE FARMERS IN RECENT YEARS.