Impact of Agricultural Sector on the Indian Economy
The agricultural sector plays a crucial role in India's economy, contributing significantly to GDP and employment. Despite industrial growth, agriculture remains the primary source of livelihood for a large section of the population. This research analyzes the sector’s economic contribution, highlighting its impact on rural development and overall economic stability. Government policies and reforms have aimed to modernize agriculture, improve farmer incomes, and ensure food security. This study evaluates the effectiveness of initiatives such as Minimum Support Price (MSP), PM-KISAN, and digital market platforms in promoting agricultural growth. Technological advancements, including precision farming, artificial intelligence, and digital supply chains, have transformed agricultural efficiency. This research examines how these innovations enhance productivity, reduce wastage, and support sustainable farming practices. Globalization and trade policies have further influenced Indian agriculture by opening export opportunities while also exposing farmers to global competition. This paper assesses the impact of international trade agreements, market integration, and foreign investment on the sector. A strong agricultural foundation is essential for India's long-term economic resilience. By integrating policy support, technology, and trade strategies, India can enhance agricultural productivity, boost farmer welfare, and sustainable economic growth.
Authors
- Varsha Gupta (ORCID: https://orcid.org/0000-0001-5879-1405)
Publication Details
- Journal
- International Journal for Research in Applied Science and Engineering Technology
- Published
- 2025-04-17
- DOI
- https://doi.org/10.22214/ijraset.2025.68781
- Primary Topic
- Agricultural Economics and Practices
- Type
- article
- Field-Weighted Citation Impact
- 0.00
Funders
- Strong