Impact of agricultural finance on indian economy essay

Due to globalisation and liberalisation, the Indian market is flooded with quality foreign products, affecting the Indian industries adversely. The net sown area in India today is about million hectares. Firms enjoying some natural protection and farmers receiving subsidies have been some of the main opponents of globalisation, along with advocates of free trade.

Essay on the importance of agriculture in the Indian Economy

A major criticism of the process of economic reforms is the neglect of agriculture—the mainstay of livelihood of two-thirds of the population.

The introduction of harmful chemicals into air leads to air-pollution. We may now examine economic reforms in terms of the above goals: Reduction of Regional Disparities: It increased to about 8.

A number of industries are agro-based industries, such as jute, cotton, sugar, etc. Mass migration from rural areas: Hundreds of foreign universities have started collaborating with Indian universities and study institutions.

The crop insurance was another step to protect the farmers against losses caused by crop failure on account of natural calamities like drought, flood cyclone etc. Inspite of the constant rise of population, we have been able to built a food stock of Performance of the Public Sector Enterprises: The annual growth rate in the post-reform decade to was the same as that of the pre-reform decade toviz.

Essay on Effects of Globalization on Indian Economy

There are varieties of semi-processed food products to suit every taste in the market which has helped us to save time. Role of Microfinance-Microfinance means providing very poor families with very small loans micro credit to help them engage in productive activities or grow their tiny businesses.

All these measures, taken in the pre-reform period, helped to create an environment to these industries to raise their production capacity and output without any bottlenecks.

However, the reform process initiated in has been emphasizing the use of the market forces, which naturally attract investment to regions which are more developed in terms of infrastructure—both economic and financial.

The three way fast lane of liberalisation, privatisation and globailisaion LPG failed to make a dent on the problem of unemployment. Source of Food for domestic consumption: Agriculture is the backbone of our Indian economy.

Conclusion It is not industrialization, rather the greed and selfishness behind the industrialization which produce adverse effect on the moral and spiritual life of people. Based on the repayment period of the loan.

Essay: Indian Economy and Economic Reforms

However, other infrastructure industries—electricity, coal and petroleum—did not fare well during the reform period. Large industries need thousands of skilled and semi-skilled workers.

Agriculture provides direct employment to 70 percent of working people in the country. India has emerged as the largest producer of coconut, ginger, cashew nut, black-peeper and as the second largest producers of fruits and vegetables.

Impact of Agricultural Finance on Indian Economy Essay Sample

Agriculture meets the foods requirements of large population of India. The price level came down due to cut throat competition and Indian consumers are so far happy.

Although labour productivity had increased by 3. Agricultural equipments such as— tractors, pump harvesters, fertilizers, pesticides were made available to farmers.In the revised figures, based on increased and sustaining growth, more inflows into foreign direct investment, Goldman Sachs predicts that "from toIndia's GDP per capita in US$ terms will quadruple", and that the Indian economy will surpass the United States (in US$) by The agriculture growth has been stagnant in India and needs a technology revolution to be able to meet the growing population requirements of the country.

Importance of Agriculture in Indian Economy

Though, urban India has information technology in its reach, rural population is still to benefit from Information Technology especially in the agriculture sector.

The Indian agriculture is almost on its deathbed. The minimum cost of eatable rice is Rs per kg and apples from Australia at Rs. to Rs per kg cannot be afforded by poor. (4) Effect on Employment sector: The employment scenario in India is probably the worst in recent years due to globalisation.

Agriculture plays a crucial role in the development of the Indian economy. The importance of farm credit as a critical input to agriculture is reinforced by the unique role of Indian agriculture in the macro-economic framework and its role in poverty alleviation.

Credit is an important determinant of value addition in agriculture. - Impact of the Agreemond on Agriculture on the Indian Economy INDIAN AGRICULTURAL SCENARIO Indian agriculture is characterised by a preponderant majority of small and marginal farmers holding less than two hectares of land, less than % of the land, is under any assured irrigation system and for the large majority of farmers, the gains from.

India is an agricultural country. The Indian economy is basically agrarian.

Essay on Positive and Negative Impact of Industrialization in India

In spite of economic development and industrialization, agriculture is the backbone of the Indian economy. As Mahatma Gandhi said, “India lives in villages and agriculture is the soul of Indian economy”.

Impact of agricultural finance on indian economy essay
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