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ET Agro Summit – 2nd Edition
December 5, 2017
Momentum to any industry we serve is the primary object of our industry led initiatives. As we perceive a promising future for the agricultural community & farmers in particular who are striving for a better yielding crop year on year, technology coupled with reformative policies & Govt commitment towards agriculture will act as an enabler for a prosperous & more productive farming & farmers of tomorrow. However the link from technology to actual farm output needs support in the form of research & development, easy availability & repayment of loans etc. At this Summit we intend to have the Agricultural community benefit from the latest technologies available while maintaining a comprehensive dialogue between the policy makers & regulators.
Overview: India has nurtured itself from predominantly being an agrarian economy to a technology savvy agricultural economy, wherein most of its GDP & sustainable growth still depends on Agriculture as a focal point. In the recent decades due to increase in crop production, varied reforms, Govt push, & local talent available in agri R & D, the sector has grown to a mammoth level wherein we are the world leaders of rice & spice exports.
The sector too has come a long way since independence. We, as a nation have received food security, the levels of rural poverty have depreciated & nutrition risen, all of which can be attributed to change in our socio economic fabric, upgradation or rural landscape, along with technology in Agriculture which has played a critical role in boosting our exports and home produce too. Today India’s GDP is expected to grow at 7.1% approx of which Agriculture is contributing the maximum.
However, if India needs to be a world leader in agriculture, it needs to shift its focus from traditional farming to advanced farming where FDI in technology upgradation, agriculture infrastructure along with more Govt reforms will play a major role in flourishing our economy.