Role of Agriculture in making India $5 trillion Economy under Corona Pandemic Circumstance

Role of agriculture in Indian economy

Abstract

India is currently trying hard to get a status of $5.0 trillion economies. Agriculture contributes $400 billion to the Indian economy, which is 2^nd after China. To achieve this mammoth national target, all sectors of economy viz., agriculture, industry and service have to outperform outstanding. To achieve this target, our total export should be of $1.0 trillion annually and share of agriculture and the allied sector should be 10 %.To achieve $100 million agri-export, smart agriculture is pivotal to sustain our products at the international level. Agritech startup can play a vital role in this endeavour; however, the bottleneck should be removed within the least possible time. If we succeed in this endeavour, this will not only lead to enhance per capita income from the current $1800 to $3600 but also double the income from farming systematically. Unfortunately, due to the worldwide attack of a global pandemic of COVID- 2019 disease,  every sphere of life has been severely paralysed. The agriculture sector was less affected as the food grain output was recorded highest ever (295.67MT) and sector growth 3.7 % in absolute term and 11.3% on the current price, during 2019-20. India will get rid off of such disasters relatively faster as compared to other nations, but this has the potential to push forward our economic dream to beam reality at least for a year or so. Probably India would be able to achieve the tag of $5.0 trillion economy not sooner than 2026-27.