Published June 30, 2024 | Version v1

REFORMS IN THE AGRICULTURE SECTOR

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The agriculture sector has always been the backbone of India’s economy, and despite concerted industrialization in the last six decades, agriculture still occupies a place of pride. It employs around 60% of the total workforce in the country. Understanding the role of agriculture in various areas best explains its significance in the national economy. The agricultural sector is the lifeblood of India’s economy. The government's financial allocations have been less for agriculture and irrigation; the contribution of agriculture to GDP has dropped from 7.8% to 1.8%, and now it may be 2.4%. Production has been declining. Higher productivity in cereals and pulses, scientific storage, and a ban on the acquisition of multi-crop lands, are to be considered. However, it suffers from low funds, low income, bad monsoon-cited technology, land reforms, development failure, etc. But these can be declined with the help of reforms like rural reforms, more credit, technology management, new frontiers, public disinvestment, FDI, etc. A mature and civilized nation must cherish its agriculture and protect its farmers.

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