It is depressing to know that even after 60 years from independence India is still called as third world country. There are multiple reasons which are hindering India’s progress: corrupt politicians, education, population, terrorism. In this article I am going to focus on how to accelerate the dawdling economic progress in rural India. India has recorded a G.D.P growth of around 8% which is extremely impressive. If we analyze it further we realize that major chunk of the growth is contributed by I.T, manufacturing and industries sector. The irony is- agriculture grows at a mere rate of 1.7% and despite 60% of India’s workforce being employed in agriculture.
Certainly agriculture hasn’t proven as a boon for India. Often you will hear the news in India farmers committing suicide due to extreme debts, poor and hapless farmers turning into Naxalites. With the food prices skyrocketing Indian agriculture is spiraling downwards. So why these setbacks are being faced by farming sector, what’s wrong with it and how to improve it? Now I am going to show you how to make agriculture as a money making sector.
First lets start with the drawbacks:-
MachineryHave a look at the two pictures shows below, there is a clear contrast between the two. One on the left is a traditional way of farming in India and on the right is a highly mechanized farming technique. Just think about it two people working in a mechanized farm can harvest the large farm (maybe the size of several hectares) within just few hours. On the other hand a traditional technique will consume several work hours on just a few acres of farm. This is certainly not fair.

Farm Size

After having a look at the above bar graph the Indian average land holding is so low that it cannot be seen in the graph, its actually 0.1 hectares. In fact the average farm size in India has been declining since 1960, in 1960 it was 0.21 hectares in 2009 its fallen to 0.1 hectares. So if a farmer has to mint money he must have a large farm in order to generate a bumper crop.
IrrigationNow as for the irrigation part which is a very important part for the growth of green plants. Water is a useful resource and must be used wisely to minimize losses, with the help of advanced irrigation techniques such as drip irrigation the usage of water can be maximized. Drip irrigation delivers water right to the roots drop by drop, just enough to meet the demands. Where as in our country due to lack of resources and knowledge water is literally thrown in the fields, this method increases water losses, right amount of water is not delivered to the plants.
MAKING MONEYNow getting to the main point- making money. So far I have discussed certain issues like lack of technology, machinery, farm size and irrigation: obviously its impossible for an average Indian farmer to posses such enormous amount of capital to fund all this hi-tech equipments. Then someone with loads of capital has to step down and change rural India, the answer is obvious turn agriculture as a business oportunity. Just imagine this situation:-
- A big firm or company buys large tracks of land, lets say around 1000 hectares of land, in rural places and pays a handsome price to the original land owners (to prevent any land disputes).
- They invest a huge sum of money on this land and buying large agriculture machinery, high tech irrigation facilities, genetic seeds for better yield and educate the traditional farmers into skilled farmers. These skilled farmers will be employed in the farms. We can imagine the amount of output and profit such large farms would generate. Wealth can also be earned by exporting the bumper crop. The newly turned skilled farmers will receive big fat checks thus ending the miseries of poor rural India.
- For a start it would be advisable if big giants like Reliance Industries, Tata, Birla, e.t.c start up, since they have earned a respectable brand image.
- Due to the large amount of output produced by such farms, the high food prices in India would precipitate.
- Not just rural India other sectors would benefit too, like manufacturing and bio-tech firms. How? Well there will be a demand for advanced machinery and genetic modified seeds which would fuel the economy.
- Ever since civilizations sprung up in India, crop yield has been heavily dependent of the monsoon.No rain no food, that has been the trend for centuries. Wow is the time to break free from this dependency on rains. Due to surplus funds techniques like water storage and rain water harvesting can be adopted, once these are put in practice the farms wont be dependent on rains.
I guess that's all on my mind right now, I have explained the problems of agriculture in India and the solution to turn it as a big business opportunity. I hope some entrepreneur or a company puts my idea into use to bring about a change. I thank you for reading my article feel free to leave your opinion and comments.