IMPACT OF COVID-19 ON INDIAN AGRICULTURE SECTOR-A STUDY

ECONOMICS

Agriculture is the process of producing numerous products such as food, feed, and fiber by growing certain plants and raising domesticated animals. The agricultural sector provides fodder for domestic animals. The cow gives milk, which is a form of protective food. In addition, livestock also meets people’s dietary requirements. Large quantities of agricultural products are transported by rail and road from the farm to the factories. Mainly, internal trade is in agricultural products. Furthermore, government revenue is largely dependent on the success of the agricultural sector. Since the population of India is mostly dependent on agriculture, the performance of this sector has a considerable effect on the economy. Agriculture contributes around 17-18% in the GDP. Agricultural production has a significant impact on the economy. "The effect of better yields could be nullified via the lower prices. Farmer earnings on a internet-to-internet foundation would remain the identical," said Harish Galipelli, head of commodities and currencies at India trade Derivatives & Commodities in Mumbai.

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