India is taken into account as one of the biggest growing economies in the world. It is the world fifth largest country in the world, Agriculture is the primary occupation of nearly half the population. The agriculture sector employs nearly half of the workforce in the country. However, its contribution is only 19.9% of the GDP (at current prices in 2020-2021).
Over the past few decades, the manufacturing and services sectors have increasingly contributed to the growth of the economy, while the agriculture sector’s contribution has decreased from more than 50% of GDP in the 1950s to 19.9% in 2020-2021 (at constant prices).
The unprecedented agrarian crisis in India has now been affecting farmers across the country for nearly a decade. The Indian government is trying to fill the gap in many ways like giving direct transfers of a certain amount in Farmer's bank accounts, Ration on Low prices, fixing MSP, and Making an online market for easy access but Is this the right approach to handle India’s agriculture issues as we know that most of the families are not well educated and farmers often lack ways to get the maximum benefit of these initiatives and stay trapped in the vicious cycle.
In this paper, we will see how Indian agriculture is facing setbacks, what is the present situation of Indian agriculture and where we as a Nation are slipping, and why the farmer suicide rate is increasing at an alarming rate. In India, more than half of the population is engaged in farming, yet the contribution of agriculture to Indian GDP is alarmingly low.