Agriculture in India is one of the most prominent sectors in its economy. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005 and employed 60% of the country's population[1]. It accounts for 8.56 % of India’s exports. About 43 % of India's geographical area is used for agricultural activity. Despite a steady decline of its share in the GDP, agriculture is still the largest economic sector and plays a significant role in the overall socio-economic development of India.
The monsoons play a critical role in the Indian sub-continent's agriculture in determining whether the harvest will be bountiful, average, or poor in any given year. The entire rainfall in the sub-continent is concentrated in the few monsoon months.
Agriculture in India is constitutionally the responsibility of the states rather than the central government. The central government's role is in formulating policy and providing financial resources for agriculture. The government administers prices of essential commodities to protect farmer's interests. It also administers other commodities which are produced by government-controlled companies, like petroleum, coal, nitrogenous fertilizers, etc. Other than these, most agricultural commodity markets operate under the normal forces of demand and supply.
The monsoons play a critical role in the Indian sub-continent's agriculture in determining whether the harvest will be bountiful, average, or poor in any given year. The entire rainfall in the sub-continent is concentrated in the few monsoon months.
Agriculture in India is constitutionally the responsibility of the states rather than the central government. The central government's role is in formulating policy and providing financial resources for agriculture. The government administers prices of essential commodities to protect farmer's interests. It also administers other commodities which are produced by government-controlled companies, like petroleum, coal, nitrogenous fertilizers, etc. Other than these, most agricultural commodity markets operate under the normal forces of demand and supply.
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