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.
Denne historien er fra April 01 - 30, 2023-utgaven av BUSINESS ECONOMICS.
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Denne historien er fra April 01 - 30, 2023-utgaven av BUSINESS ECONOMICS.
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Deposit shortage: challenges facing India's banking ecosystem
In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.
India's future dreams in Semiconductors & AI
A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".
The Ramayana: Justice and Modern Man
Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.
Tourism Industry positively impacted by the festive season
Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.
UK Budget
There _ he latest UK budget represents a departure from previous fiscal documents.
Han Kang's Historic Nobel Prize Win
The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.
