India’s largest import commodity in Agriculture

Edible Vegetable Oils are India’s largest agricultural imports, followed by wood and wood products & Pulses sharing the 34%, 18%, 18%. Commodity   Import (2008)   Vegetable Oils Fixed (Edible) 10301.09  Wood & Wood Products 5456.6  Pulses   5374.94  Wheat 2657.51  Fruits & Nuts Excluding Cashew Nuts 1858.39  Cashew Nuts 1714.75  Spices ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

Share of Agriculture in India’s exports and imports

Share of Agriculture in Foreign trade Some of the agro products such as tea, sugar, oilseeds, tobacco, spices and fibers make India’s main items of exports. The following table sourced from DGCI&S, Ministry of Commerce, Kolkata, created on 25.5.2010 shows ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

Share of Agriculture in Employment in India

Employment in the agriculture Sector as Share of Total Employment in 2004-05 was 52.1%, making it single largest private sector occupation. In 1951, when India’s population was 361 million, the people engaged in agriculture were around 98 million out of ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

Decreasing Share of Agriculture in GDP of India

During 2008-09 the agricultural sector contributed to approximately 15.7 per cent of India’s GDP (at 2004-05 prices) and 10.23 per cent (provisional) of total exports besides providing employment to around 58.2 per cent of the work force. During 2009-10, agricultural ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

Salient features of Agriculture in India

India is one of the world’s largest agrarian economies and agriculture is the backbone of our country’s economy. Despite of industrialization and liberalizations it provides employment to around 60% of the country’s population. Agriculture sector includes Agriculture, Forestry & Logging ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

National Bank for Agriculture and Rural Development (NABARD)

The National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, established with the primary objective of fostering rural development and supporting agriculture and allied activities. NABARD plays a crucial role in providing financial ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

Gross Capital Formation in Agriculture

The value of acquisitions of new or existing fixed assets by the Agriculture & allied sectors, which is known as Gross Capital Formation, as a proportion to the GDP in the Agriculture & allied sectors stagnated around 14 per cent ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

What is FDI limit in Agriculture ?

In India 100% FDI is permissible via automatic route in following sub sectors of Agriculture and Animal Husbandry: Sub sectors: Floriculture, Horticulture, Development of Seeds, Animal Husbandry, Pisciculture, Aquaculture and Cultivation of Vegetables & Mushrooms under controlled conditions and services ..

Category: Agriculture Current Affairs • Economy & Banking Current Affairs