Major Findings from PHDCCI Report
- Traditional Perception: Poor Rainfall leads to a decline in the food grain production.
- Recent Findings (2012 13 to 2022 23): With respect to foodgrain production, the “moderately positive” associations between rainfall and foodgrain outputs are only correlation.
- More Strongly Influencing Factors
- Prices (WPI Food Articles)
- Electricity Consumption
- Fertilizer Availability
- Irrigation Coverage
- Weaker Influence
- Warehousing Capacity
So what are the Implications & Policy Recommendations
- Reduced Monsoon Dependence
- The agriculture sector morphed into modern infrastructure and input availability in India.
- Proposed actions
- Science led farming
- Increased private sector participation
- Liberalized markets
India’s Innovating Food Processing Hub
- Market Growth Projections
- $307 billion (2023) → $700 billion (2030)
- $1100 billion (2035) → $2150 billion (2047)
Agriculture & Government Initiatives
- PM KISAN
- The PM KISAN 19th upon sometime this February 24 in Bihar by PM Narendra Modi.
- To Transfer: ₹22,000 crore, by which 98 million farmers will be credited.
Farmer Protests & Talks on MSP
- Next to Assemble: New round of talks of Govt and farmer unions in Chandigarh.
- Most Important Demand: Legal guarantee on Minimum Support Price (MSP).
- Farmers’ Demand: Government denied the meeting in Delhi.
Agriculture vs. Economic Performance: Top-Ranked States
(Based on Agri GSDP Growth & Overall Economic Growth, FY22-FY23)
| Rank | State | Agri Rank | Overall Economic Rank |
|---|---|---|---|
| 1 | Uttar Pradesh | 1 | 15 |
| 2 | Madhya Pradesh | 2 | 20 |
| 3 | Rajasthan | 3 | 19 |
| 4 | Telangana | 4 | 8 |
| 5 | Andhra Pradesh | 5 | 11 |
| 6 | Maharashtra | 12 | 1 |
