India should address its high dependence on foreign fertilisers
BUSINESS ECONOMICS|April 01 - 30, 2023
India has the largest area under cultivation in the world. Its farming land constituted 169.3 million hectares (mh) in 2019. India uses more land for crop cultivation than the US (160.4 mh), China 135.7 mh), Russia (123.4 mh) or Brazil (63.5 mh). 
Kishore Kumar Biswas
India should address its high dependence on foreign fertilisers

It has the highest rainfall in the world, nearly 1,200 mm a year. This has been 475 mm for Russia, 650 mm for China and 755 mm in the US. So, India has no inadequacy of land, water, and sunshine to maintain a developed agricultural sector. But these are not all. The country is plagued by a weak fertilizers policy and other institutional factors including improper political will to have a people oriented vibrant agricultural sector.

India has been an agricultural country. About 60% of the population depend directly on agriculture. It has achieved self-sufficiency in food production and many other agricultural products. Per-capita food availability has increased in the past decades as agriculture grew more than the growth rate of population. It also exports a lot of agricultural products. So, the importance of fertilizers and pesticides is very high in a country like India. This is why the fertilizer industry has been considered as a core sector in India's industrial base.

Due to several historical, physical, and institutional factors a new agricultural policy known as the Green Revolution was initiated. It was initiated in Punjab, Haryana, and western Uttar Pradesh. Later it was implemented more broadly. This policy was heavily dependent on the use of fertilizers and that trend has continued in the Indian agricultural sector.

Esta historia es de la edición April 01 - 30, 2023 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición April 01 - 30, 2023 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS ECONOMICSVer todo
Bank of Baroda, Kolkata Zone organised Mega Kisan Melas in West Bengal
BUSINESS ECONOMICS

Bank of Baroda, Kolkata Zone organised Mega Kisan Melas in West Bengal

Bank of Baroda (BOB) organised Mega Kisan Mela at Konkalitala in Birbhum District of West Bengal on November 18, 2024 as a part of the 7th Edition of the Baroda Kisan Pakhwada (BKP).

time-read
1 min  |
December 01 - 31, 2024
Time-Bound Disposal of Cases to Expedite the Delivery of Justice and affordabe by all in India
BUSINESS ECONOMICS

Time-Bound Disposal of Cases to Expedite the Delivery of Justice and affordabe by all in India

The delay in the disposal of cases in Indian courts remains a significant hurdle to the nation's progress.

time-read
3 minutos  |
December 01 - 31, 2024
Dev Deepawali: A grand celebration of light, spirituality, and culture in Varanasi
BUSINESS ECONOMICS

Dev Deepawali: A grand celebration of light, spirituality, and culture in Varanasi

The holy city of Varanasi, often regarded as India's spiritual and cultural heart, came alive with the splendor of Dev Deepawali on the sacred day of Kartik Purnima.

time-read
2 minutos  |
December 01 - 31, 2024
The life of Job 'Ye judge not the judgment of God' - Jesus Christ
BUSINESS ECONOMICS

The life of Job 'Ye judge not the judgment of God' - Jesus Christ

The Holy Bible reveals through the life of Job how the Lord tests the righteous and that faith helps one to overcome life's adversities.

time-read
6 minutos  |
December 01 - 31, 2024
India has the highest potential for the garment industry, only a conducive government policy is required.
BUSINESS ECONOMICS

India has the highest potential for the garment industry, only a conducive government policy is required.

India's textile industry is poised for remarkable growth, with expectations to double its contribution to the GDP within the next six to seven years.

time-read
3 minutos  |
December 01 - 31, 2024
Global Public Debt may be worse than it appears, warns IMF
BUSINESS ECONOMICS

Global Public Debt may be worse than it appears, warns IMF

Global Public Debt Set to Exceed $100 Trillion, Warns IMF

time-read
4 minutos  |
December 01 - 31, 2024
The economic consequences of Trump's Presidency: A global perspective
BUSINESS ECONOMICS

The economic consequences of Trump's Presidency: A global perspective

One of the key economic factors contributing to the Democrats' loss in the US elections was the significant rise in inflation, which was initially triggered by the COVID-19 pandemic and exacerbated by the Russia-Ukraine war.

time-read
5 minutos  |
December 01 - 31, 2024
Challenges and Successes in West Bengal's Education Sector: A Comprehensive Overview
BUSINESS ECONOMICS

Challenges and Successes in West Bengal's Education Sector: A Comprehensive Overview

The education system in West Bengal, particularly in districts, villages, slums, and government institutions, reflects a blend of progress and ongoing challenges.

time-read
5 minutos  |
December 01 - 31, 2024
What India can expect from Trump's return
BUSINESS ECONOMICS

What India can expect from Trump's return

I may be too early to predict how Donald Trump's second term as president will impact the global oil market.

time-read
2 minutos  |
December 01 - 31, 2024
Stocks Surge Following Donald Trump's Election as 47th President of the USA
BUSINESS ECONOMICS

Stocks Surge Following Donald Trump's Election as 47th President of the USA

Stocks soared following the election of Donald Trump as the 47th President of the United States. Investors anticipated that the Information Technology (IT) sector would benefit from lower corporate taxes under the Republican regime, with IT stocks leading the rally.

time-read
1 min  |
December 01 - 31, 2024