Rural infrastructure is essential for improving the quality of human life in India’s rural hinterlands and for accelerating the process of agricultural development. According to the Wharton School of the University of Pennsylvania, agricultural infrastructure can be categorised into three broad categories.
The first category is capital intensive agricultural infrastructure which includes irrigation, roads and bridges. The second category is capital extensive agricultural infrastructure and that includes extension services. The third category is institutional infrastructure which includes formal and informal institutions. Adequate infrastructure raises farm productivity and lowers farming costs. Its fast expansion accelerates agricultural as well as the economic growth rate. Input based infrastructures are seeds, fertilisers, pesticides, farm equipment, and machinery. Resource based infrastructure includes water/irrigation, farm power/energy. Physical infrastructure includes road connectivity, transport, storage, processing, and preservation.
Market size of agriculture equipment
This story is from the May 1-15, 2018 edition of BUSINESS ECONOMICS.
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This story is from the May 1-15, 2018 edition of BUSINESS ECONOMICS.
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