Agriculture in Viksit Bharat: In the vision of a developed India by 2047, agriculture must also catch up with the times
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Agriculture is critical for India’s development as it still engages about 45.8% of working population (2022-23, PLFS data). The average annual growth rates (AAGRs) of overall GDP and agri-GDP from 1991-92 to 2023-24 are 6.1% and 3.3% respectively. Under the Modi government, overall GDP has grown by 5.9% and agriculture growth has been 3.6%. To achieve the vision of Viksit Bharat@2047, agriculture needs to develop its full potential by increasing productivity, reducing water consumption, recharging groundwater, arresting soil degradation, and curbing greenhouse gas emissions. The agenda for agriculture in Viksit Bharat should include rationalizing food and fertilizer subsidies, investing in agri-R&D and innovation, promoting water-saving techniques, and transitioning to high-value agriculture with a value chain approach. The aim is to move more people out of agriculture to higher productivity sectors and ensure inclusive development.

#Agriculture #India #Development #Gdp #Productivity #WaterConsumption #SoilDegradation #GreenhouseGasEmissions #Subsidies #HighvalueAgriculture

https://www.financialexpress.com/opinion/agriculture-in-viksit-bharat-in-the-vision-of-a-developed-india-by-2047-agriculture-must-also-catch-up-with-the-times/3442300/