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Research Article | Open Access
Volume 14 2022 | None
AN ANALYSIS OF COMMERCIAL BANK FINANCE TO AGRICULTURE FOR BOOSTING INDIA’S ECONOMY SPECIAL REFERENCES TO BIHAR
KAVITA KUMARI
Pages: 9772-9776
Abstract
Agricultural is the main means of subsistence for around 55 percent of India's total population, making India one of the most important countries in the global agricultural industry. In addition to having the biggest cattle herd (buffaloes), the greatest area planted to wheat, rice, and cotton, and the largest production of milk, pulses, and spices in the world, India also boasts the most acreage planted to cotton. It is the second-largest producer of fruit, vegetables, tea, cotton, sugarcane, wheat, rice, and sugar, and it is also the second-largest producer of farmed fish. The agricultural industry in India is responsible for providing livelihoods for about half of the country's population and holds the record for the second-largest agricultural area in the world. Therefore, farmers become an essential component of the sector that is responsible for supplying us with means of subsistence. After experiencing a decline brought on by the pandemic, consumer expenditure in India is projected to start climbing again in 2021, with growth of up to 6.6%. Because of India's enormous potential for value addition, especially within the food processing sector, the country's food industry is on the cusp of experiencing enormous expansion, which will result in a greater annual contribution to the global food trade. It is one of the major sectors in India and ranks fifth in terms of production, consumption, export, and predicted growth. The Indian food processing industry accounts for 32 percent of the overall food market in the nation.
Keywords
Agricultural is the main means of subsistence for around 55 percent of India's total population, making India one of the most important countries in the global agricultural industry.
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