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2020-02-01

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Indian Economy
www.pib.nic.in

Ministry of Finance

Agriculture Mechanization to Transform Indian Farming Into Commercial Farming, Says Economic Survey

Posted On: 31 JAN 2020 3:46PM by PIB Mumbai

With the shrinking land and water resources andlabour force, the onus rests on mechanization of production and post-harvesting operations says Economic Survey. Agriculture Mechanization will help Indian farming transform into commercial farming from subsistence farming. Emphasizing on the need to enhance mechanization in agriculture,  Economic Survey pointed out that in India, mechanization is 40 percent compared to China (59.5 percent) and Brazil (75 percent).

Livestock income has become an important secondary source of income for millions of rural families and has assumed an important role in achieving the goal of doubling farmers’ income, says Economic Survey.

Following the natural trajectory of development process and owing to structural changes taking place in economy share of agriculture and allied sectors in Gross Value Added (GVA) of the country at current prices has declined from 18.2 per cent in 2014-15 to 16.5 per cent in 2019-2020

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MD



(Release ID: 1601308) Visitor Counter : 24

Read this release in: Marathi

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