Agriculture
Dalal Street Investment Journal|July 05. 2021
Agriculture is the mainstay of the Indian economy.

Blessed with a large area of fertile, cultivable land, diverse agro-climatic conditions along with a plethora of weather conditions and soil types, it forms the source of livelihood for majority of the population. India is the largest producer of milk, spices, pulses, tea, cashew and jute, and the second-largest producer of rice, wheat, oilseeds, fruits and vegetables, sugarcane and cotton. The country tops the list of producers of mango, banana, sapota, acid lime and cauliflower.

It is one of the few sectors that exhibited resilience during the first wave of the Coronavirus pandemic and registered a positive growth of 3.4 per cent during FY21. During the same year, its share in India’s Gross Domestic Production (GDP) stood at 19.9 per cent, up from 17.8 per cent in the previous year. Horticulture production in FY21 was estimated at 326.58 mt, a rise of 5.81 mt over FY20. On the other hand, the manufactured dairy products output was estimated to rise by 10 per cent to INR 283,000 crore.

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