India ranks among the top countries in the world in production of a number of crops including rice, wheat, sugarcane, fruits and vegetables. Farmers are, and will remain the drivers of Agricultural sector.
Since the development of Farm mechanisation in India is still below the mark due to several factors like small land holdings, equipment cost and poor credit availability, the role of farmer in agriculture holds crucial importance and it is our imperative to ensure that farmers find Agriculture as a profitable economic activity. In this backdrop, National Commission for Farmers was constituted in 2004, chaired by Prof. M. S. Swaminathan, to suggest methods for faster and more inclusive growth for farmers. Then, the Government of India in 2016 constituted an expert committee headed by Ashok Dalwai to look into the entire agriculture ecosystem in the country to suggest ways and means to reform it so that farmers' income can be doubled by 2022.
Current Status of Farmers' Income
According to NSSO survey, for the year 2012-13, the average annual income for a farm household from farm as well as non-farm source was Rs.77, 112.
A study by Chand et al in 2015 reveals that it took 22 years (1993-94 and 2015-16) to double the farmers' real income.
More than 20% of the farmers in India are Below Poverty Line.
Major Reasons behind farmer Distress in India
Denne historien er fra March 2022-utgaven av BANKING FINANCE.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 2022-utgaven av BANKING FINANCE.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Banking and Financial Services: Paving the Way for India's Development
The adoption of digital payments through platforms like the Unified Payments Interface (UPI) has made cashless transactions a norm. The rapid growth of fintech has democratized access to financial products, making it easier than ever for people across the country to manage their finances.
Reigning in Finfluencers amidst Increased Retail Market Participation
The absolute number of investors in India is higher compared to mature markets like U.S, China and others, while the per capita figures are still lower indicating enough headroom for growth. Younger generation in age group of 21 to 35 years are leading this wave of new investors. This massive growth in retail participation is multidimensional consisting of Economic, Structural and Behavioural drivers.
The Rise of ESG Investing: Global Trends and Opportunities in the Indian Market
Environmental, Social, and Governance (ESG) investing has emerged as a transformative trend in global financial markets. As the world grows more conscious of sustainability, investors are moving away from traditional profit-driven strategies towards investments that align with broader social and environmental values.
Thematic and Sectoral Funds: A Comprehensive Overview
In the dynamic world of mutual funds, thematic and sectoral funds have emerged as popular investment options for those looking to capitalize on specific economic trends, sectors, or themes. Unlike traditional diversified funds that spread investments across various sectors, thematic and sectoral funds focus on particular themes or sectors, offering investors the opportunity to align their portfolios with specific economic narratives or growth stories.
Bucketing Strategy
The rich cultural heritage of India is visible in the omnipresence of Forts across the Indian landscape. These structures reflect a larger-than-life style of living of India's richie rich. Even after centuries, this craze for physical asset prevail.
The Importance of Building Trust in Client Relationships
A successful engagement begins with recognizing the client's stage in life and the challenges they face. This empathetic approach sets the groundwork for providing tailored advice rather than a generic sales pitch.
The Fail Proof Model to Achieve your Financial Goals
Most of the Financial Goals fails because LACK OF DISCIPLINE strategy to achieve it. There is a say that, PEOPLE MAY FAIL BUT STRATEGY or PROCESS WON'T. Any goals with DISCIPLINED STRATEGY can increases the success rate of achieving by 90%.
The Evolution and Future of the Global Mutual Fund Industry
The global mutual fund industry has seen significant transformation over the last decade, driven by various factors such as technological advancements, changing investor preferences, regulatory reforms, and the rise of sustainable investing. These shifts have had profound implications on the mutual fund industry in India, where the market has experienced rapid growth.
Focussing on Attitude, Skill and Knowledge
One must consult a successful person in the field and walk the path. Repeat the success formula which worked for a person you can follow. Have mentors and coaches in life and the journey will become better and enjoyable.
Current Trends in Mutual Funds
Systematic Investment Plans (SIPs) have become one of the most popular investment strategies among Indian retail investors, offering a disciplined approach to wealth creation. SIPs allow investors to invest a fixed amount regularly (usually monthly) in mutual funds, thus averaging out the cost of investment and mitigating the impact of market volatility.
