18/08/2022 Financial & Legal Services
The most important sector of the Indian economy is the Agriculture sector. It is the source of livelihood for approximately 58% of the Indian workforce population. Rapidly growing population makes it necessary to ensure food security through higher agricultural produce. Thus, agriculture and its allied activities are the key to domestic consumption. The demand for agricultural produce is ever-increasing for domestic use as well as for exports.
The country has increased its agricultural production tremendously by taking steps such as digitization of land records, crop assessment, use of fertilizers and insecticides. Problems such as poor water supply, soil degradation, and scarcity of land available for agricultural activities have made it necessary for farmers to rely on agrochemical products for increasing farm produce. This has made India the biggest consumer of agro-chemical products in the world.
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