Over the last 30 years, Indian economy has been growing in the range of 4% to 10% largely driven by services and manufacturing. Agriculture has been a laggard with its average growth rate being ~1.6%. With the average productivity of top five crops in our country being nearly 50% of the globle average productivity of these crops, the scope of growth for the agriculture is really high. In order to catch up with the global average across these crops, the agriculture would need to grow at 6-8% over the next 10 years. Since 46% of our workforce is directly dependent upon agriculture for the livelyhood, this growth would bring huge economic surplus to them resulting in a substantial income growth for this population.
