Can India be the Next Agribusiness Hub?

Siuli Mondal*

An Agriculture Graduate from Bidhan Chandra Krishi Vishwavidyalaya and Student at IIM Calcutta, MBA Batch 2023, India

*Corresponding Author: Siuli Mondal, An Agriculture Graduate from Bidhan Chandra Krishi Vishwavidyalaya and Student at IIM Calcutta, MBA Batch 2023, India.

Received: June 09, 2021; Published: September 24, 2021

Citation: Siuli Mondal. “Can India be the Next Agribusiness Hub?". Acta Scientific Agriculture 5.10 (2021): 38-41.

Abstract

  Indian civilization and agriculture have always been entangled in an intricated web from the old age past to the immediate present and in the complex future. The presence of agriculture will remain constant, but the structure and dynamics of agriculture will always be a subject of change. There was a time when just growing crops with minimal usage of easily available inputs were enough, but then came the green revolution, which later brought serious threats to the environment, soil health and agriculture itself. These constantly changing dynamics are bringing an immense pool of opportunities for the agribusiness sector. Agriculture is no longer bounded just as the means of primary livelihood to the rural people, but the extends, and the boundaries are being well explored by many intellectuals, businessmen and aspiring entrepreneurs throughout the globe. Additionally, the complex global food chain and the technological interventions have made the process more scalable but competitive. According to a report of FAO, the share of agriculture to the entire global GDP is 4% in 2020 [1], in absolute figures US$ 3.4 trillion [1], which speaks volumes for agriculture as a key economic growth engine. But being a major agriculture country, where does India stand in this aspect? How innovative and modern Indian agriculture is becoming? What are the factors that differentiate most agriculturally developed countries from India? And lastly, Can India improve its shortcomings and challenges and be the next agribusiness hub globally? And, if yes, then how?

Keywords: India; Agribusiness; Global; Agriculture; Growth; Challenges

Bibliography

1. FAO Statistical Yearbook. Rome, Italy: FAO (2020).
2. Department of Agriculture, Cooperation and Farmers’ Welfare (2020-2021). Annual Report. India: Ministry of Agriculture and Farmers’ Welfare, Government of India.
3. India Brand Equity Foundation. Agriculture in India: Information About Indian Agriculture and Its Importance. Government of India: www.ibef.org (2021).
4. Select USA. “Foreign Direct Investment: Agribusiness”. U.S. Department of commerce (2020).
5. “Agribusiness in Brazil: an Overview”.

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Copyright: © 2021 Siuli Mondal. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.