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Privatization in Indian Agriculture - An Overview

Increased agricultural productivity and rapid industrial growth in the recent years have contributed to a significant reduction in poverty level, from 55% in 1973 to 20% in 2011. Despite the impressive growth and development, India is still home to the largest number of poor people of the world. With about 250 million below the poverty line, India accounts for about one-fifth of the world’s poor. Child malnutrition extracts its highest toll in this country; about 25% children suffer from serious malnutrition. More than 50% of the rural pre-school children and rural pregnant women are anemic. The depth of hunger among the undernourished is also high. The present paper brings out some of the agri-business ventures into light and the success they have achieved in developing the Indian agricultural community. Moving towards a vision of developed nation by 2020, Indian farmer still faces a lot of problems of not getting a maximum return for his produce which results in farmer suicides. Though much has been done in promoting agricultural development in India by government as well as private organizations, still much more is needed in this sector to make farmer self sufficient and undependable. It is the call of the country to make agriculture as the most prioritized sector as it is the livelihood of majority of Indian population and other sectors too depend on it. The present paper brings into light some of the big corporate who have successfully entered into agri-business in India. The paper tries to highlight some of the Indian agricultural inefficiencies. The paper draws its findings from the Indian context; it is believed that lessons from this country have equal relevance to many of the developing countries that are facing similar problems in agricultural diversification.