India’s ambitious goal of becoming a developed nation by 2047 requires a substantial boost in the country’s Gross National Income (GNI), necessitating an increase of approximately six times the current levels. Agriculture, which is the backbone of India’s economy, must undergo significant transformation to meet this goal.
Transforming agriculture involves adopting sustainable practices such as precision farming techniques, genetically modified crops, and advanced irrigation methods. The government has introduced initiatives like the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) to promote efficient water usage in agriculture.,it provides financial support to farmers by disbursing ₹6,000 annually in three instalments.
Over 11.8 crore farmers have benefited from this scheme, which offers much-needed financial relief. The Soil Health Card (SHC) scheme aims to optimize the use of soil nutrients to enhance agricultural productivity. More than 23 crore SHCs have been distributed, providing farmers with valuable information on the health and nutrient requirements of their soil. The government also promoted the International Year of Millets in 2023 to raise awareness about the benefits of nutritious coarse grains, both within India and internationally
Environmental and economic challenges face Indian agriculture, including climate change, degradation of land quality, and difficulties in accessing markets. To address these risks, the government introduced the Pradhan Mantri Fasal Bima Yojana (PMFBY) in 2016, which offers financial support to farmers in the event of crop losses.
Market accessibility is another major issue in agriculture, with the Electronic National Agriculture Market (eNAM) integrating various agricultural markets across India through an electronic platform. By September 2023, 1,361 mandis (agricultural markets) had been integrated, benefiting 1.76 million farmers and facilitating trade worth ₹2.88 lakh crore.
Differences in agriculture are evident, with nearly 46% of India’s workforce employed in agriculture but only about 18% contributing to the country’s GDP. If current growth patterns persist, this disparity may widen.
India’s population growth is expected to reach 1.5 billion by 2030 and 1.59 billion by 2040, driving a corresponding increase in food demand. To meet the food requirements of a growing population, agricultural productivity must be enhanced. The demand for food is projected to grow by approximately 2.85% annually, considering a population growth rate of 0.85%.
Infrastructure development is crucial for enhancing productivity and sustainability in the sector..
Land ownership and credit access are essential for India’s future. The 2024-25 budget reflects the government’s proactive approach, with an allocation of ₹20 lakh crore for targeted agricultural credit and the launch of the Agriculture Accelerator Fund, aimed at fostering agricultural innovation and growth.
In conclusion, India’s path to 2047 is filled with both challenges and opportunities. By adopting sustainable agricultural practices, leveraging technological innovations, and implementing strategic initiatives, India can enhance farmer incomes, meet the growing food demands of its population, and achieve inclusive and sustainable development.
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