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Follow on Google News | Agriculture Sector in India Expected to Grow at 12%Despite being a country largely dependent on agriculture for the sustenance of its people, India faces certain challenges inhibiting the growth of its agriculture industry.
By: IMARC Group This report has divided the agriculture industry in India into 17 segments – farming, fertilizers, warehousing, food processing, floriculture, apiculture, sericulture, seeds, fisheries, dairy market, poultry, cold chains, animal husbandry, pesticides, animal feed, agriculture equipment and bio-agriculture. For each of these segments, the report has provided an exhaustive analysis which includes current and historical market trends, drivers, challenges, market structure, competitive landscape, market forecast, etc. The farming segment (which consists of fruits, vegetables, cereals, plantation crops, spices and pulses) represents the largest segment of the Indian agriculture industry. Farming, food processing and dairy segments together accounted for around 75% of the entire industry revenues in 2015. On the other hand, the fastest growing segments of the industry include – floriculture, cold chain and sericulture. Browse full report: http://www.imarcgroup.com/ Despite being important to the nation's economy, the agriculture sector in India still faces certain challenges. Regardless of several decades of intense government efforts, India's yield for major crops is highly heterogeneous and is still below the global average and far below the highest standards. The heterogeneity is a result of uneven penetration of new agricultural technologies within the various regions of India. Moreover, small landholdings and poor logistics infrastructure are also negatively impacting the Indian agriculture industry. In order to overcome these challenges and provide better conditions, the government is providing subsidies to the farmers, exempting them from certain taxes, running various awareness and educational programmes for them and increasing expenditure on rural infrastructure. Furthermore, India's large consumer base and rising incomes have also resulted in the increasing consumption of agricultural goods. Other factors that are aiding the growth of the industry are an easy availability of credit, emergence of contract farming and the growth of the food retail sector. As a result, agriculture industry in India is now evolving and progressing towards becoming a professionally managed industry. Enquiry for sample report or more details, click here: http://www.imarcgroup.com/ Contact Us IMARC Group Tel: +91-120-415- USA: +1-631-791-1145 Email: sales@imarcgroup.com Website: http://www.imarcgroup.com Follow us on twitter: @imarcglobal End
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