Abstract
The agriculture sector recorded satisfactory growth due to improved technology, irrigation, inputs and pricing policies. Livestock, poultry, fisheries and horticulture are surging ahead in production growth in recent years and will have greater demand in the future. Industrial and service sectors have expanded faster than agriculture sector resulting in declining share of agriculture in national accounts. Despite the structural change, agriculture still remains a key sector, providing both employment and livelihood opportunities to more than 70 percent of the country's population who live in rural areas. The contribution of small farmers to the national and household food security has been steadily increasing. The water availability for agricultural uses has reached a critical level and deserves urgent attention of all concerned. The debate on fertilizer subsidy, as well as all other agricultural subsidies in India, should be examined against the backdrop of India's overall economic situation, the prominence farmers and the agricultural sector in India's political economy, and recent trends in the Indian agricultural economy. This paper presents socioeconomic data on the Indian economy, particularly its farm sector, and discusses issues related to fertilizer production and use. It also provides an overview of the growth rate, holding size, and indebtedness of the farm sector in India. Keywords- subsidy, agricultural, political, socioeconomic, farm sector, production
Highlights
India has made impressive strides on the agricultural front during the last three decades
Increased agricultural productivity and rapid industrial growth in the recent years have contributed to a significant reduction in poverty level, from 55 percent in 1973 to 26 percent in 1998
Indian agriculture has suffered adversity during the past decade despite high overall growth rates experienced by other sectors in the Indian economy
Summary
Assistant Professor, HOD, Political Science, Jijamata College of Science & Arts, Bhenda (BK) Tq. Abstract- The agriculture sector recorded satisfactory growth due to improved technology, irrigation, inputs and pricing policies. The debate on fertilizer subsidy, as well as all other agricultural subsidies in India, should be examined against the backdrop of India’s overall economic situation, the prominence farmers and the agricultural sector in India’s political economy, and recent trends in the Indian agricultural economy. This paper presents socioeconomic data on the Indian economy, its farm sector, and discusses issues related to fertilizer production and use. It provides an overview of the growth rate, holding size, and indebtedness of the farm sector in India.
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