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    Agriculture Conclusion

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    Iyengar Sanjay
    The retail sector plays a large role in developed economies by driving economic growth. In India, retail accounts for over 10% of GDP and 8% of employment, making it one of the largest industries in the country. However, many retail businesses in India have struggled due to the high initial investments required to compete. Overall, the Indian retail sector is growing and may become a major driver of the economy.

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    Agriculture Conclusion

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    Iyengar Sanjay
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    The retail sector plays a large role in developed economies by driving economic growth. In India, retail accounts for over 10% of GDP and 8% of employment, making it one of the largest industries in the country. However, many retail businesses in India have struggled due to the high initial investments required to compete. Overall, the Indian retail sector is growing and may become a major driver of the economy.

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    The retail sector plays a large role in developed economies by driving economic growth. In India, retail accounts for over 10% of GDP and 8% of employment, making it one of the largest industries in the country. However, many retail businesses in India have struggled due to the high initial investments required to compete. Overall, the Indian retail sector is growing and may become a major driver of the economy.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    32K views3 pages

    Agriculture Conclusion

    Uploaded by

    Iyengar Sanjay
    The retail sector plays a large role in developed economies by driving economic growth. In India, retail accounts for over 10% of GDP and 8% of employment, making it one of the largest industries in the country. However, many retail businesses in India have struggled due to the high initial investments required to compete. Overall, the Indian retail sector is growing and may become a major driver of the economy.

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    CONCLUSION

    The retail sector has played a phenomenal role throughout the world in increasing productivity of
    consumer goods and services. It is also the second largest industry in US in terms of numbers of
    employees and establishments.
    There is no denying the fact that most of the developed economies are very much relying on
    their retail sector as a locomotive of growth. The India Retail Industry is the largest among all the
    industries, accounting for over 10 per cent
    of the country�s GDP and around 8 per cent of the employment. The Retail Industry in India
    has come forth as one of the most dynamic and fast paced industries with several players
    entering the market.
    But all of them have not yet tasted success because of the heavy initial investments that are
    required to break even with other companies and compete with them. The India Retail Industry is
    gradually inching its way towards
    becoming the next boom industry.

    The spectacular story of Indian agriculture is known throughout the world for its multi-functional
    success in generating employment, livelihood, food, nutritional and ecological security.
    Agriculture and allied activities contribute about 30% to the gross domestic product of India.

    With arable land area at 168 million hectares, India ranks second only to the U.S. in size of
    agriculture. A well-developed agricultural research system, a significant area of almost 60 million
    hectares under irrigation and an increasing productivity in major crops enable Indian agriculture to
    become a globally competitive player. The United Nations estimates that with assured irrigation,
    India's food grains output can increase SIX times within five years- enough to feed two planet
    Earths!

    Achievements of Indian Agriculture:

    § India is the largest producer of wheat in the world

    § India is the largest producer of Rice in the world

    § India is among the largest vegetable oil economies in the world

    § India is the largest producer of Tea in the world

    § India is the second largest producer of Fruits in the world

    § India is the largest producer of Milk in the world

    § India is the largest producer of Coffee in the world

    § India is the largest producer of Cotton in the world

    Indian Agriculture by its sheer size can dictate global markets directly and indirectly. Majority
    of rural population still is dependent on agriculture for their livelihood and over 600 million farmers
    involved in agriculture related activities.

    India has 52% of cultivable land and varied climates. With sunshine round the year it’s the
    world’s best country to grow crops round the year. Due to Urbanization and rapid growth in the
    metropolis there is increased demand in the food supply. Too many layers of middlemen, weak
    supply chain, lack of proper information to the farmers, are some of the factors leadings to
    wastage and inefficiencies in food supply chain and gives opportunity to improve by using IT and
    collaborations though “Farm to Fork Strategy”.

    Mining forms an important segment of the Indian economy, with the country producing 79
    different minerals (excluding fuel and atomic resources) in 2009-10, including iron ore,
    manganese, mica, bauxite, chromite, limestone, asbestos, fluorite, gypsum, ochre, phosphorite
    and silica sand.[80]
    [edit] Agriculture
    Farmers work inside a rice field in Andhra Pradesh. India is the second largest producer of rice in
    the world after China[81] and Andhra Pradesh is the second largest rice producing state in India
    with West Bengal being the largest.[82]

    India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging
    and fishing accounted for 15.7% of the GDP in 2009-10, employed 52.1% of the total workforce,
    and despite a steady decline of its share in the GDP, is still the largest economic sector and plays
    a significant role in the overall socio-economic development of India.[83] Yields per unit area of all
    crops have grown since 1950, due to the special emphasis placed on agriculture in the five-year
    plans and steady improvements in irrigation, technology, application of modern agricultural
    practices and provision of agricultural credit and subsidies since the Green Revolution in India.
    However, international comparisons reveal the average yield in India is generally 30% to 50% of
    the highest average yield in the world.[84]

    India receives an average annual rainfall of 1,208 millimetres (47.6 in) and a total annual
    precipitation of 4000 billion cubic metres, with the total utilisable water resources, including
    surface and groundwater, amounting to 1123 billion cubic metres.[85] 546,820 square kilometres
    (211,130 sq mi) of the land area, or about 39% of the total cultivated area, is irrigated.[86] India's
    inland water resources comprising rivers, canals, ponds and lakes and marine resources
    comprising the east and west coasts of the Indian ocean and other gulfs and bays provide
    employment to nearly 6 million people in the fisheries sector. In 2008, India had the world's third
    largest fishing industry.[87]

    India is the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and
    black pepper.[88] It also has the world's second largest cattle population with 175 million heads in
    2008.[89] It is the second largest producer of rice, wheat, sugarcane, cotton and groundnuts, as
    well as the second largest fruit and vegetable producer, accounting for 10.9% and 8.6% of the
    world fruit and vegetable production respectively.[89] India is also the second largest producer
    and the largest consumer of silk in the world, producing 77,000 million tons in 2005.[90]

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