The agriculture sector has been historically perceived by the governments more as a vote bank rather than an engine of growth. The Indian government and policy makers equated economic progress with the services and manufacturing sectors and considered agriculture as the also-ran of the Indian economy. While urban India flourished and people living in the cities got richer, hundreds of millions of farmers remained mired in poverty. The Indian agriculture sector seemed stagnating. Market Research Companies
This trend, however, is now gradually undergoing a change. The farm is now back. IMARC Group, one of the world’s leading research and advisory firms, finds that lurking fears of food shortage, rethinking on antipoverty priorities and the recent economic slowdown are among the factors that are causing a dramatic shift in the Indian economic policy in favour of greater support for agriculture. The Indian agriculture sector is now moving towards another green revolution. Thetransformations
in the sector are being induced by factors like newfound interest of the organised sector, new and improved technologies, farming becoming more mechanised, new markets and demands, easy credit facilities, rapid growth of contract farming, agriculture friendly policies from the government, etc. Agriculture is now evolving from just a traditional way of life to a professionally managed industry - the agriculture industry.