A study of Entrepreneurship in Field of Agriculture in Indian Economy
Journal: International Journal of Arts and Social Science (Vol.5, No. 10)Publication Date: 2022-10-30
Authors : Des Raj Bajwa;
Page : 07-180
Keywords : Agriculture; Entrepreneurship; Agribussiness; Challenges; Opportunities;
Abstract
India has been called agriculture-based economy since its independence. But over the past few years, there is huge increase in Start-ups in India. However, a small number of start-ups are focused on the agricultural sector. The agricultural sector played an important role in the growth and development of the Indian economy since its inception. It provides food to 1.3 billion Indians and provides employment to more than half of Indian population. Agriculture sector of India also caters major share in country's exports. The interest of investors is increasing for last few years which show importance of this sector. In value chain every step of process is important and related to each other or you can say dependent on each other and creates value on each stage. To accelerate the pace of growth Indian economy requires more investment and entrepreneurial activities. The agro sector can provide innovative solution to the challenges faced by Indian economy nowadays. The Indian agriculture sector is still unorganized and using traditional techniques which results in less production and profitability. This in turn forces the farmers and agro workers to migrate to nearby towns and cities in search of other jobs. As they are not much educated and skilled they move to unorganized and unskilled sector. This migration is creating imbalance in urban and rural sectors and moreover results in more pressure on urban resources which is not good for economy. This scenario highlights the need for developing new employment avenues in rural sector which calls for development of agriculture sector. New Agro based startups can change the scenario in a positive picture. These start-ups can utilize low cost abundant labor in new employment opportunities for rural people. The small and medium scale industries can easily complement our traditional agriculture sector and is able to create profitable business avenues. Agro based industries can flourish in rural sectors where labor is abundant and labor cost is low.In present paper I have tried to find out the problems in Indian agriculture sector and their probable solutions in form of agro based entrepreneurship.
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