What's Happening?
A recent report by Niti Aayog emphasizes the critical role of agriculture in India's national transformation. The report, authored by Professor Ramesh Chand, highlights that agriculture contributes 19.73% of the national income and employs 46% of the workforce,
with a significant portion being women. The report outlines the vision of 'Viksit Bharat at 2047', focusing on raising per capita income to developed economy levels and ensuring inclusive development. The period from 2014-15 to 2024-25 is marked as the highest growth phase in India's agricultural history, with a 4.45% annual growth rate, surpassing China's 4.10%. The sector has shown resilience against climatic and economic uncertainties, with significant growth in high-value crops and allied sectors.
Why It's Important?
The report underscores agriculture's pivotal role in India's socio-economic development, highlighting its potential to drive national transformation. The sector's growth not only contributes to economic stability but also supports a large workforce, particularly women, enhancing socio-economic inclusion. The sustained growth in agriculture, even during global economic challenges, positions it as a cornerstone for achieving the national vision of 'Viksit Bharat at 2047'. The emphasis on high-value crops and allied sectors indicates a shift towards more diversified and resilient agricultural practices, which could lead to increased income for farmers and contribute to overall economic growth.
What's Next?
The report suggests that continued focus on agricultural growth and diversification will be crucial for achieving India's long-term economic goals. Policymakers may need to implement strategies that further enhance the sector's resilience and productivity, particularly in high-value crops and allied sectors. The emphasis on inclusive development suggests potential policy shifts towards supporting smallholder farmers and increasing women's participation in the agricultural workforce. As India moves towards its 2047 vision, the agricultural sector's role in economic and social transformation will likely remain a key focus for government and industry stakeholders.
