Vol. 13, Issue 2 (2024)

Author(s):
Gauranga Ghosh

Abstract:
Agribusinesses are estimated to contribute about 30 percent to India’s gross domestic product, with the agriculture sector employing the largest proportion of the workforce Agribusinesses continue to be a potential lever of growth for the Indian economy. The scope and opportunities in the agri-business have substantially expended due to globalization of trade and agriculture and the policy reforms at national level, leading to an unprecedented level of interest in this sector. The progressive growth of Indian economy is most likely to be controlled by the agribusiness sector. In spite of India earning global acclaim for its manufacturing and services sector, agriculture, which has been critical to the domestic economy, continues to be affected by many challenges that are hindering the sector from realizing its true potential. This article throws light on the glimpse of agribusiness in India and highlights the untapped potential of key agribusiness segments.