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 The Analyst Magazine:
Reviving Indian Agriculture : Back to Basics
 
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The strategies for reviving Indian agriculture include innovation in using technology and resources, future policies that are quantity and business-oriented, and creating a competitive market for allowing public-private partnership to invest in agriculture infrastructure, extension, and technology transfer.

 
 

It is a norm to observe the relative decline of agriculture's share in the GDP of a developing economy. Nearly half of India's GDP came from agriculture sector in 1960, and even more in her early unrecorded primeval history. However, agriculture made up only one-fifth of India's GDP, with stark differences in the growth rate compared to that of industrial and services sectors in recent years. This phenomenon only managed to attract slightly more attention when food security was threatened after feeling the heat from food crisis and perhaps riots in the first half of 2008. Pessimists call it the dire agricultural crisis. Optimists watch the sparkling opportunities, beyond the gloom, in times of crisis.

Some quarters, particularly those who do not understand what is included in the accounting system of agriculture sector in GDP, are generally against the painful disproportionate growth of agriculture sector in GDP during the development process of an open economy. They have every right to protest because post-farm and value-adding activities are in the boundary of industrial or services sector, leaving the least primary level of agricultural production value for the account of agriculture sector in GDP. Bear in mind that agricultural production value is a result of multiplication between quantity and price.

 
 

The Analyst Magazine, Gross Domestic Product, GDP, Agricultural Crisis, Marginal Returns, Economic Activities, Agricultural Commodities, Agricultural Growth, Irrigation Development, Agricultural Research, Agriculture Infrastructure, Productivity Growth.

 
 
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