BDB India provides best Market Research for EVs and its Ecosystem
Farm
Mechanization
Agri – Economy
According to the 2023 GDP rankings, the Indian economy is
ranked sixth among the world’s top economies. The majority of people in the
nation rely on agriculture as their primary source of income. A major pillar of
the Indian economy, the agriculture industry employs 60% of the labour force
and generates 17% of the country’s GDP. These all research done by BDB India.
BDB India gives Best Market Research for EVs and
its Ecosystem.
An agro-economy, like that of India, is heavily reliant on
the cycle of production, distribution, and consumption. roductivity is another
issue with the agro-economy. Indian farmers currently produce only 2.4 tonnes
of rice per hectare of land, which is a far cry from their true potential.
China and Brazil, on the other hand, produce 4.7 and 3.6 tonnes of rice per
acre, respectively.
Since more than half of the population of India is engaged
in agriculture, two significant elements underscore the role that agriculture
plays in the economy. First off, it gives rural agricultural and
non-agricultural labour job prospects. Second, it is important for operations
like import and export trading on a global scale. India supports 17.8% of the
world’s people and 15% of the world’s cattle with only 4% of the world’s water
resources and 2.4% of the world’s land.
- About
55% of India’s population relies on agriculture as their main source of
income.
- It
has the largest area planted to wheat, rice, and cotton.
- It
is the second-largest producer of wheat, rice, cotton, sugar, farmed fish,
fruit, vegetables, tea, and farmed vegetables.
- India
has the second-largest agricultural land area in the world
- The
increasing income levels in rural and urban areas have boosted the demand
for agricultural products across the country.
- West
Bengal, Uttar Pradesh and Punjab produced 36% of the total rice produced
in India in the year 2022.
- In
2022, Uttar Pradesh, Madhya Pradesh and Punjab produced 64% of all the
wheat that is produced in India .
- Maharashtra,
Madhya Pradesh and Karnataka produced almost 38% of all the corn in India.
- Uttar
Pradesh, Madhya Pradesh and Punjab produced almost 39% of the entire
amount of food grains produced in India.
- The
Government of India had requested that the United Nations declare 2023 as
the International Year of Millets (IYoM-2023) in order to
increase domestic and international demand and to supply nutrient-rich food to the population.
GDP from Agriculture
India’s GDP from agriculture fell from 7004.72 INR billion
in the fourth quarter of 2022 to 6071.31 INR billion in the first quarter of
2023.
Mechanization of Indian Agriculture
Agriculture mechanisation is a crucial component of modern
agriculture. Along with lowering labour costs and human toil, it increases
productivity. Mechanisation also enhances the safety and comfort of farmers,
the efficiency with which other inputs are used, and the quality and added
value of the produce. Aside from allowing farmers to grow a second crop or many
crops, efficient machinery increases output and productivity, transforming
subsistence agriculture in India into a profitable industry.
In order to promote an expedited but inclusive expansion of
agricultural mechanisation in India, the Department of Agriculture &
Farmers Welfare has incorporated the elements of agricultural mechanisation
under several plans and projects. The following targeted actions will put small
and marginal farmers at the forefront with a focus on “reaching the unreached.”
The following components make up the “Sub Mission on Agricultural
Mechanisation” scheme, which was created with this objective in mind by the Ministry
of Agriculture and Farmers Welfare’s Department of Agriculture and Farmers
Welfare, Mechanisation and Technology Division.
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