The India economy, which is the 9th largest in the world in terms of nominal GDP, can be broadly classified into three sectors: 1) Primary Sector or Agriculture Sector, which contributes about 15% to the GDP and employs around 57% of the total workforce. 2) Secondary Sector or Industry sector, which contributes about 28% to the DP and employs around 14% of the workforce. 3) Tertiary Sector or Service Sector, which contributes the maximum of 57% to the GDP and employs around 29% of the workforce.
SWOT analysis of Agriculture Sector:
Strengths : -
* The favourable Climate and terrain of the Indian sub-continent makes it suitable for producing a variety of crops. * As it employs majority of population, it enjoys a competitive labour force. * The agriculture sector in India is competitive and hence evolving, produces a large variety of crops, and enjoys a well demanded market as Indians prefer fresh farm produce over the processed food items. Weaknesses:-
* As the majority of workforce is uneducated, they are not able to make the most out of the government policies. Moreover, though the government spends enough over the agricultural reforms, but due to the low level of execution on their part, it does not produce the desired results. * Due to the lack of proper storage facilities and road connectivity of the farms with the respective market, around 60% of the fresh farm produce like vegetables, fruits etc get wasted. * Since only 40% of the land under cultivation gets irrigated through canals, tube wells etc., the farmers depend heavily upon the annual monsoons.
* A growing population, availability of modern agricultural techniques, easy availability of banking finance, variety of pest resistance crops, coming up of retail chains and various government schemes and policies, would make both the demand and the production go up. * Rise in demand of pulses...