India predominantly is an agrarian economy, where agriculture sector is the source of livelihood for more than 50% of the population and occupies more than one third of the country’s total geographical area. The sector continues to be the single largest contributor to the Indian economy even though its contribution to GDP has declined since the country’s independence in 1947. Agriculture is an essential link in the supply chain of the manufacturing sector, and plays an important role in the rural development of the country.
The agricultural output in the economy grew by only 2.7 per cent in Q3 of FY19 from 4.6 per cent in the Q2 of FY19. Continued fall in agricultural growth rate is being attributed to adverse weather condition such as prolonged winter, drought and floods. Despite all adversities, India continues to be one of the top producers of cereals (wheat & rice), pulses, fruits, vegetable milk, meat and marine fish. Although there is a deficit of pulses and oilseeds; availability of fruits, vegetables, milk, meat and fish has increased. This is a partnered post.