While agriculture employs almost half of India’s population, it contributes only about 14% to the nation’s GDP, resulting in low per capita income of the workforce engaged in the sector. And, while India produces a significant proportion of several of the world’s crops, its yields for certain crops are low.
Besides low productivity, the key challenges facing Indian agriculture include low pricing for agricultural produce, with only a small fraction of the final price reaching farmers, and consequent lack of investment in and access to modern infrastructure. Wastage of post-harvest agricultural produce also remains a significant challenge.
In this context, the foreign direct investment (FDI) policy liberalization, through Press Note 5 of 2016, to permit 100% FDI with Foreign Investment Promotion Board approval in marketing of food products produced and manufactured in India, is a welcome move.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员。
William Vivian John is a partner and Tanaya Sanyal is an associate at Luthra & Luthra Law Offices. Gayatri Loomba, also an associate, assisted with research. This article reflects the legal position prior to the 2017-18 budget. The views expressed here are personal. They are intended for general information purposes and are not a substitute for legal advice.