Some countries in the world are mostly dependent on the agriculture and in some countries more than half of the country's economy is dependent on the agricultural or we can indirectly say on farmer. we can say that in some countries its economy is wholey and solely dependent on farmers or on agriculture.
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India accounts for 7.68 percent of total global agricultural output. GDP of Industry sector is $495.62 billion and world rank is 12. In Services sector, India world rank is 11 and GDP is $1185.79 billion. Contribution of Agriculture sector in Indian economy is much higher than world's average (6.1%).
The graph shows the high rate of agriculture done in india and it provides high rates of GDP(Gross Domestic Products). Many crops have good productivity. The crop productivity graph is given below.
##Agricultural Investments
According to the Department of Industrial Policy and Promotion (DIPP), the Indian agricultural services and agricultural machinery sectors have cumulatively attracted Foreign Direct Investment (FDI) equity inflow of about US$ 1.99 billion and US$ 466.31 million, respectively, during April 2000 to September 2017. The food processing sector attracted FDI of US$ 8 billion in the same period.
Some major investments and developments in agriculture are as follows:
In January 2018, India Agri Business Fund II (IABF-II), co-sponsored by Rabobank, the UK’s CDC Group and Asian Development Bank (ADB), made an investment worth US$ 10 million for a minority stake in Global Gourmet Pvt Ltd, a frozen food products exporting company.
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Road ahead
According to the Department of Industrial Policy and Promotion (DIPP), the Indian agricultural services and agricultural machinery sectors have cumulatively attracted Foreign Direct Investment (FDI) equity inflow of about US$ 1.99 billion and US$ 466.31 million, respectively, during April 2000 to September 2017. The food processing sector attracted FDI of US$ 8 billion