Do you know that 70 percent of the Indian population depends on farming, either directly or indirectly? Around 58 percent of the total employment in the country is through agriculture. Also, it contributes to around 14 percent of the GDP. And still, here we are struggling to fully optimise the available resources.
What are the major roadblocks hampering the growth of this sector?
· Lack Of Cold Storages
Every year 30-40% of the entire agricultural produce is damaged due to the inadequacy of cold storages. This increases food inflation and forces farmers to sell their produce as early as possible so that they it does not rot. As long as this problem is not adequately addressed, the agriculture sector cannot flourish.
· High Inflation Rate
The high inflation rate affects every household of India in some respect. For a farmer, the condition is even worse. They do not posses enough funds to invest in secure harvesting methods or buying good quality seeds, as most of what they earn is spent in sustaining their livelihood. As long as the economic condition of farmers does not improve, we cannot expect sunny days in this sector.
· Obstructive Agricultural Laws
Laws favouring the growth of Indian agriculture sector should be brought to the table. The failure of policies has resulted in suicides of thousands of farmers, affecting Indian economy severely. The process should be more accountable and scrutiny should be high to assure fulfilment of promises made to the farming population.
· Existence Of Middlemen
Another critical factor restraining the empowerment of Indian farmers is the unsatisfactory realisation of prices. By eliminating middlemen from the picture, the condition of sale can be greatly improved.
Having said that, we believe that high capital investment in this sector can solve many prevalent issues. At AGROCORP, we have tried to create an environment of assured ROI through our unique agro-investment plans. The plans are designed to benefit all and sundry associated with us and contribute towards the economic development of our nation.
To know more, visit our website.