Sustainable plantation sector can be a big employment generator
BUSINESS ECONOMICS|May 01 - 31, 2024
The emergence of plantations in India was a part of the commercialisation strategy adopted by the British planters. Geographical spread and development of plantations in the world was in tune with the expansion of colonialism and imperialism.
Tushar K Mahanti
Sustainable plantation sector can be a big employment generator

The growth and spread of plantation in India is no way different from the expansion and development of plantation elsewhere in the world.

The plantation has an interface of agriculture and industry. It is a type of commercial farming where a single crop is grown on a large area. Plantation crops are considered to be the major segment of the horticulture crops and the mainstay of agrarian economies in many states and union territories of India. They contribute a significant amount to the national exchequer and to the country's exports by way of taxes and export earnings.

Major plantation crops in India include tea, coffee, coconut, oil palm, cashew, rubber and cocoa. India is the largest producer and consumer of cashew nut and arecanut. Tea and coffee are the main and oldest industries in the country which provide ample employment opportunities to the people and hold immense potential for export. Above all, plantation crops like coconut and arecanut provides adequate interspaces for intercropping of seasonal crops and thus ensures the food security to a great extent. Nevertheless, in India, plantation crops have been continuously facing the problem of lack of investment and depressed yields, and are in great need of modernisation.

Tea industry facing serious challenges

When we talk of the plantation industry in India, tea is the first name that comes to our mind. The tea industry in India is nearly two centuries old. It occupies an important place and plays a very useful part in the national economy. Owing to certain specific soil and climatic requirements its cultivation of tea is confined to only certain parts of the country.

この記事は BUSINESS ECONOMICS の May 01 - 31, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は BUSINESS ECONOMICS の May 01 - 31, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

BUSINESS ECONOMICSのその他の記事すべて表示
A new chapter in Singapore's Leadership: continuity and change
BUSINESS ECONOMICS

A new chapter in Singapore's Leadership: continuity and change

The departure of Prime Minister Lee Hsien Loong marks the beginning of a new era in Singapore, as Lawrence Wong ascends to the post of the country’s fourth Prime Minister.

time-read
2 分  |
May 01 - 31, 2024
Disabled children: Education and rehabilitation
BUSINESS ECONOMICS

Disabled children: Education and rehabilitation

Child disability is, in fact, a serious and challenging problem of the world.

time-read
2 分  |
May 01 - 31, 2024
India's 2024 Elections: Is it a fight between a macro & micro view of development?
BUSINESS ECONOMICS

India's 2024 Elections: Is it a fight between a macro & micro view of development?

The seven phase massive election process in the largest democracy of the world is on; and the churn throws up hope as well as despair.

time-read
2 分  |
May 01 - 31, 2024
Empowering India's workforce: launch of comprehensive skill training programme
BUSINESS ECONOMICS

Empowering India's workforce: launch of comprehensive skill training programme

Srihari Global IISD Foundation, in collaboration with Birla Open Minds and SAHAJ Retail Private Limited, has launched a groundbreaking skill training program aimed at enhancing employment opportunities and fostering career growth across India.

time-read
2 分  |
May 01 - 31, 2024
DVC achieves record power generation in its 75-year journey
BUSINESS ECONOMICS

DVC achieves record power generation in its 75-year journey

The Damodar Valley Corporation (DVC) has accomplished a significant milestone by generating 43.32 billion units of electricity during the fiscal year 2022-23.

time-read
2 分  |
May 01 - 31, 2024
"Sticky" inflation is still a global worry!
BUSINESS ECONOMICS

"Sticky" inflation is still a global worry!

While major world economies have successfully tackled inflation over the last six months by bringing retail inflation (the monthly consumer price index-based inflation) close to the central bank target rates of 2% with and emerging economies including India’s Reserve Bank of India have achieved some measure of success, all is not well yet.

time-read
4 分  |
May 01 - 31, 2024
Emerging alarming trends in India's financial sector
BUSINESS ECONOMICS

Emerging alarming trends in India's financial sector

The onset of the new financial year FY25, commencing on April 1, 2024, does not promise any relief from the economic challenges persisting since the previous fiscal year. In recent months, various banks and financial institutions in India, including Bank of Baroda, HDFC Bank, Kotak Mahindra Bank, PayTM, IIFL, JM Financial, and Paisa Lo, have been making headlines for all the wrong reasons.

time-read
2 分  |
May 01 - 31, 2024
Economic insights from China
BUSINESS ECONOMICS

Economic insights from China

Economic indicators released by Chinese authorities, media outlets, and researchers suggest a recent downturn in China’s economic fundamentals.

time-read
3 分  |
May 01 - 31, 2024
Rubber planters confront challenges of declining prices, labour shortages, and erratic monsoons
BUSINESS ECONOMICS

Rubber planters confront challenges of declining prices, labour shortages, and erratic monsoons

Natural rubber (NR) stands as a crucial plantation commodity in India.

time-read
2 分  |
May 01 - 31, 2024
Is the Indian Tea Industry at a crossroads?
BUSINESS ECONOMICS

Is the Indian Tea Industry at a crossroads?

The Indian tea industry marks a significant milestone this year as it celebrates two centuries of journey since its inception.

time-read
2 分  |
May 01 - 31, 2024