How Viable Is An Organic Shift?
BUSINESS ECONOMICS|May 16-31, 2019

There has been a significant drop in the decadal growth rate of agriculture in India.

Kuntala Sarkar
How Viable Is An Organic Shift?

For the 2000 – 2010 period, it has dropped to 2.61%. The Green Revolution in India was based on the idea that nutrient loss can be overcome by the use of potash and nitrates as chemical fertilisers. Agricultural experts are claiming that unabated use of chemical fertilisers and chemical pesticides in different regions in the country is one of the reasons behind the dip in agricultural productivity.

They are advocating the use of organic fertilisers and biological pesticides. Many are of the opinion that a complete shift to organic farming will improve agricultural productivity as a further dip in agricultural productivity may expose the country and its economy to a host of problems.

Organic and inorganic fertilisers

The Indian fertiliser market was worth 4,675 billion in 2017. The market is expected to touch 9,987 billion by 2023, at a Compound Annual Growth Rate (CAGR) of around 13% between 2018 and 2023. Currently, chemical fertilisers are enjoying the lion’s share of the market.

Chemical fertilisers can be divided into two categories. The first one is urea based whereas the second is a more complex variety. Urea carries only one primary plant nutrient which is nitrogen. Complex fertilisers carry two or all the three primary nutrients that is nitrogen, phosphorous and potash.

Farmers in India are not switching to organic farming in fear of less production and unavailability of adequate organic fertilisers. Fertilisers constitute only 8-10% of the total cost of cultivation, but it has the power to either enrich or damage the yield significantly. In India, the current consumption ratio of nitrogen, phosphorus and potassium is 6.7:2.4:1. But the prescribed ratio of this use is 4:2:1. The situation is worse in the major agricultural states like Punjab and Haryana where these ratios are as high like 31.4:8.0:1 and 27.7: 6.1:1 respectively.

Denne historien er fra May 16-31, 2019-utgaven av BUSINESS ECONOMICS.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra May 16-31, 2019-utgaven av BUSINESS ECONOMICS.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS ECONOMICSSe alt
Elections 2024: Illusion & Reality
BUSINESS ECONOMICS

Elections 2024: Illusion & Reality

Whenever there is an election, we find the politicians speaking in hyperboles – and possibly, 2024 Lok Sabha has reached a crest.

time-read
3 mins  |
June 01 - 30, 2024
Government initiatives aim to bolster rubber cultivation and innovation
BUSINESS ECONOMICS

Government initiatives aim to bolster rubber cultivation and innovation

Rubber tree plantation has seen significant growth in India, thanks to robust government oversight and favorable weather conditions.

time-read
3 mins  |
June 01 - 30, 2024
Macron speaks on Europe's economic fragility
BUSINESS ECONOMICS

Macron speaks on Europe's economic fragility

Many heads of state often speak on topics over which they have little control or vested interest.

time-read
2 mins  |
June 01 - 30, 2024
Indian industries stand to benefit in raising of tariff on Chinese imports to the US
BUSINESS ECONOMICS

Indian industries stand to benefit in raising of tariff on Chinese imports to the US

A delicate balance of power and influence exists between the United States of America and China.

time-read
1 min  |
June 01 - 30, 2024
Chabahar Port Agreement: Part of India's strategic and economic vision for Central Asia and Europe
BUSINESS ECONOMICS

Chabahar Port Agreement: Part of India's strategic and economic vision for Central Asia and Europe

On May 13, India and Iran signed a 10-year contract to operate the Chabahar port in Iran.

time-read
2 mins  |
June 01 - 30, 2024
It is quite incredible to see things of interest happen with the blessings of the divine trio
BUSINESS ECONOMICS

It is quite incredible to see things of interest happen with the blessings of the divine trio

Swamiji once said, “The wind of divine grace is always blowing. You just need to spread your sail.

time-read
4 mins  |
June 01 - 30, 2024
The battle for sustainability: Earth Day's message of 'Planet vs. Plastics
BUSINESS ECONOMICS

The battle for sustainability: Earth Day's message of 'Planet vs. Plastics

World Earth Day, observed annually on April 22 worldwide, commemorates contemporary environmental advancements and promotes awareness of the imperative to conserve Earth and its resources.

time-read
4 mins  |
June 01 - 30, 2024
Mother Teresa International Award 2024: Celebrating Humanity and Service
BUSINESS ECONOMICS

Mother Teresa International Award 2024: Celebrating Humanity and Service

The Mother Teresa International Award, a prestigious honor recognizing individuals dedicated to serving humanity, will host its 2024 ceremony in Dubai, United Arab Emirates.

time-read
2 mins  |
June 01 - 30, 2024
Can India get out of the middle income trap?
BUSINESS ECONOMICS

Can India get out of the middle income trap?

In the mid-1980s, international financial institutions moved away from calling their member countries as poor and rich countries, or as developed and less developed countries.

time-read
4 mins  |
June 01 - 30, 2024
How is India's falling household savings rate worrisome for its development?
BUSINESS ECONOMICS

How is India's falling household savings rate worrisome for its development?

There has been a sharp reduction in the household net financial savings rate in 2022-23, leading to an overall decline in the financial savings rate.

time-read
2 mins  |
June 01 - 30, 2024