Saturday, September 23, 2023
The Agrotech Daily
  • Login
  • News
    • Crops
    • Agro Forestry
    • Fertilizers
    • Livestock
    • Agro Machinery
    • Finance
    • Policy
  • Insights
    • Analysis
    • Opinions
    • Reports
    • Interviews
  • Technology
  • Permaculture
  • Events
  • NewsMakers
  • World
No Result
View All Result
  • News
    • Crops
    • Agro Forestry
    • Fertilizers
    • Livestock
    • Agro Machinery
    • Finance
    • Policy
  • Insights
    • Analysis
    • Opinions
    • Reports
    • Interviews
  • Technology
  • Permaculture
  • Events
  • NewsMakers
  • World
No Result
View All Result
No Result
View All Result

The Agro Flight Of 2020-21

The share of agriculture in gross domestic product (GDP) has reached almost 20 per cent for the first time in the last 17 years, making it the sole bright spot in GDP performance during 2020-21, according to the Economic Survey 2020-2021.

Rashmi Vats by Rashmi Vats
June 14, 2021
in Featured
0
0
SHARES
24
VIEWS
Share on FacebookShare on Twitter

The resilience of the farming community in the face of adversities made agriculture the only sector to have clocked a positive growth of 3.4 percent at constant prices in 2020-21 when other sectors slid.

The share of agriculture in GDP increased to 19.9 percent in 2020-21 from 17.8 percent in 2019-20.

The last time the contribution of the agriculture sector in GDP was at 20 percent was in 2003-04.

Welcome To The New World Of Digital Agriculture
Forbes

A Spurt In Production.

During the 2019-20 crop year, food grain production reached a record of 296.65 million tonnes. In 2020-21, the Government of India is targeting food grain production of 298 million tonnes.

Production of horticulture crops in India was estimated at a record 319.56 million metric tonnes (MMT) in FY20 as per third advance estimates.

India has the largest livestock population of around 535.78 million, which translates to around 31% of the world population.

Milk production in the country is expected to increase to 208 MT in FY21 from 198 MT in FY20, registering a growth of 10% y-o-y.

Horticultural Terms for Vegetable Growers | EcoFarming Daily
Eco-Farming daily

Sugar production in India reached 26.46 MT between October 2019 and May 2020 sugar season according to the Indian Sugar Mills Association (ISMA).

India is among the 15 leading exporters of agricultural products in the world. Agricultural export from India reached US$ 38.54 billion in FY19 and US$ 35.09 billion in FY20.

The Indian food industry is poised for huge growth, increasing its contribution to the world food trade every year due to its immense potential for value addition, particularly within the food processing industry.

Indian food and grocery market is the world’s sixth-largest, with retail contributing 70% of the sales.

The Indian food processing industry accounts for 32% of the country’s total food market, one of the largest industries in India, and is ranked fifth in terms of production, consumption, export, and expected growth.

Bank's default could ruin agriculture - NEWS LOCAL BREAKING

 

Recent Achievements 

  • Paddy procurement in Kharif Marketing Season (KMS) 2020-21 until January 10, 2020, reached over 534.44 lakh metric tonnes (LMT), an increase of 26.24% against last year’s corresponding purchase of 423.35 LMT.
  • In November 2020, the planting of winter crops exceeded by 10% compared with the last year and witnessed a 28% increase in area under pulses. The total area acreage under pulses increased to 8.25 million hectares from 6.45 million hectares last year.
  • Out of the total 37 mega food parks that were sanctioned, 22 mega food parks are operational, as of January 2021.
  • In November 2020, Minister of Consumer Affairs, Food and Public Distribution, Mr. Piyush Goyal announced that the Food Corporation of India and state agencies are set to procure a record quantity of 742 LMT (lakh metric tonnes) paddy during the ongoing Kharif crop season as against 627 LMT paddy last year.
  • The Electronic National Agriculture Market (e-NAM) was launched in April 2016 to create a unified national market for agricultural commodities by networking existing APMCs. It had 16.9 million farmers and 157,778 traders registered on its platform until February 2021. Over 1,000 mandis in India are already linked to e-NAM and 22,000 additional mandis are expected to be linked by 2021-22.
  • Sales of tractors in the country stood at 880,048 units in 2020 with the export of 77,378 units.
  • During FY20 (till February 2020), tea exports stood at US$ 709.28 million.
  • Coffee exports stood at US$ 742.05 million in FY20.

    Agriculture Budget 2021: Key agriculture announcements in the year of intense farm protests
    The Economic Times

Road Ahead.

India is expected to achieve the ambitious goal of doubling farm income by 2022.

The agriculture sector in India is expected to generate better momentum in the next few years due to increased investment in agricultural infrastructures such as irrigation facilities, warehousing, and cold storage.

RELATED POSTS

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

Furthermore, the growing use of genetically modified crops will likely improve the yield for Indian farmers. India is expected to be self-sufficient in pulses in the coming few years due to the concerted effort of scientists to get early maturing varieties of pulses and the increase in minimum support price.

Also Read:

The Concept Of Sustainable Agriculture

Tags: The Agro Flight Of 2020
ShareTweetPin
Rashmi Vats

Rashmi Vats

Rashmi is a writer and a student of literature in University of Delhi. She has always been interested in various modes of education and the changes she can bring to make people’s lives better. To be able to understand marginal voices and give them the space to think and grow is her goal in life. She likes to paint and read in her spare time.

Related Posts

The-Benefits-And-Challenges-Of-Vertical-Farming-And-How-This-Technology-Is-Being-Used-To-Grow Crops-In-Urban-Environments-theagrotechdaily

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

by TAD News Desk
March 24, 2023
0

This article explores the concept of vertical farming, including its benefits and challenges, and how it is being used to...

The-role-of-agricultural-cooperatives-and-how-they-can-help-farmers-band-together-to-improve-their-bargaining-power-and-access-to-resources-theagrotechdaily

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

by TAD News Desk
March 23, 2023
0

This article is about the important role that agricultural cooperatives play in the farming industry. Agricultural cooperatives are organizations that...

The-impact-of-trade-policies-on-agriculture-and-how-farmers-can-navigate-changing-regulations-and-tariffs-theagrotechdaily

The impact of trade policies on agriculture, and how farmers can navigate changing regulations and tariffs

by TAD News Desk
March 22, 2023
0

This article will explore the impact of trade policies on agriculture and how they affect farmers. It will examine how...

The-benefits-of-agroforestry-and-how-to-incorporate-trees-into-your-farming-operation-theagrotechdaily

The benefits of agroforestry, and how to incorporate trees into your farming operation

by TAD News Desk
March 21, 2023
0

This article discusses the benefits of agroforestry and how to incorporate trees into farming operations. Agroforestry is a sustainable land...

The-role-of-drones-in-agriculture-and-how-they-are-being-used-to-collect-data-and-monitor-crops-theagrotechdaily

The role of drones in agriculture, and how they are being used to collect data and monitor crops

by TAD News Desk
March 20, 2023
0

In this article, we will explore the vital role that drones are playing in modern agriculture. We will discuss how...

Next Post

Organic Farming In India.

Hike In MSP For Kharif Crops ; Approves Cabinet

RECOMMENDED

The-Benefits-And-Challenges-Of-Vertical-Farming-And-How-This-Technology-Is-Being-Used-To-Grow Crops-In-Urban-Environments-theagrotechdaily

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

March 24, 2023
The-role-of-agricultural-cooperatives-and-how-they-can-help-farmers-band-together-to-improve-their-bargaining-power-and-access-to-resources-theagrotechdaily

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

March 23, 2023

MOST VIEWED

  • Agricultural Companies

    8 Largest Agricultural Companies in the World

    0 shares
    Share 0 Tweet 0
  • 10 Best Ways To Increase Soil Fertility

    0 shares
    Share 0 Tweet 0
  • 8 Best Apps In India For DigiFarming.

    0 shares
    Share 0 Tweet 0
  • Impact Of Soil Erosion On Agriculture

    0 shares
    Share 0 Tweet 0
  • 5 Emerging Innovations In The Field Of Agriculture

    0 shares
    Share 0 Tweet 0

About Us

The Agrotech Daily

We are a media company focused on the Agriculture B2B market. We create, aggregate and distribute actionable news, reports, analysis and more for the agriculture industry cohesively.

Trending News

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

The impact of trade policies on agriculture, and how farmers can navigate changing regulations and tariffs

The benefits of agroforestry, and how to incorporate trees into your farming operation

The role of drones in agriculture, and how they are being used to collect data and monitor crops

Press Release

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

The impact of trade policies on agriculture, and how farmers can navigate changing regulations and tariffs

The benefits of agroforestry, and how to incorporate trees into your farming operation

The role of drones in agriculture, and how they are being used to collect data and monitor crops

  • About
  • Submit Article/PR
  • Contact

© 2020 TAD - A Medianiti Venture.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • Politics
  • World
  • Science
  • National

© 2020 TAD - A Medianiti Venture.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In