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Reading: New Daybreak for Indian Agriculture
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StockWaves > Economics > New Daybreak for Indian Agriculture
Economics

New Daybreak for Indian Agriculture

StockWaves By StockWaves Last updated: February 23, 2025 2 Min Read
New Daybreak for Indian Agriculture
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Recognizing the important position of agriculture, the price range for the Division of Agriculture and Farmers’ Welfare has seen a considerable rise. From an allocation of ₹11,915.22 crore in 2008-09, it surged to ₹21,933.50 crore in 2013-14 and additional to an unprecedented ₹1,22,528.77 crore in 2024-25. This tenfold improve underscores the federal government’s dedication to agricultural improvement and farmer welfare.

India has additionally witnessed an outstanding rise in meals grain manufacturing, a testomony to coverage assist, trendy farming practices, and technological developments. From 204.6 million tonnes in 2004-05, meals grain manufacturing elevated to 252 million tonnes in 2014-15 and is now projected to succeed in 332.3 million tonnes in 2023-24. This improve has been instrumental in guaranteeing nationwide meals safety and mitigating inflationary pressures. The overall space underneath meals grain cultivation expanded from 120.2 million hectares in 2004-05 to 132.1 million hectares in 2023-24, reflecting strategic development.

In response to rising world demand and well being consciousness, the federal government has promoted millet manufacturing underneath the Worldwide 12 months of Millets initiative. With a price range outlay of ₹250 crore (2023-26) for millet analysis and improvement, India is poised to grow to be a worldwide chief in millet manufacturing. Manufacturing elevated to 175.72 lakh tonnes in 2023-24, with productiveness rising by 7% since 2019, reflecting India’s emphasis on nutritious and climate-resilient crops.

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