...27 March 2012 India Tractors The growth story continues continues…. Mayur Milak (+91 22 ) 4096 9749 mayurm@dolatcapital.com mayurm@dolatcapital com 1 Executive summary Why did we do a follow-up report on tractors NOW ? The tractor industry has grown at a CAGR of ~12% during last five years. After a splendid performance, during the last two to three years, the Indian tractor industry is believed to head for a slow-down , we believe otherwise and hence our stance to b buy i into tractor at this j hi juncture. Our takeaways: There is an increasing lack of cheap farm labour due to migration to urban areas, leading to more mechanisation. Further, f F h farm i income h has grown at a CAGR of 12 8% d i f 12.8% during l last fi five years. W expect this growth to sustain going We hi h i i forward, which will continue to boost tractor sales. Contrary to popular belief, rainfall does not affect tractor sales directly. Other factors such as higher farm income, availability of water (irrigation facilities), cheaper and more easily available finance, successful implementation of government schemes (NREGA) and higher MSP are the key drivers for growth in tractor sales. We expect tractor demand to grow by 11-12%, going forward. All key drivers are in place and adequate availability of water is expected with a forecast of regular and timely rainfall. Our top-pick: M&M top pick: M&M has always been a leader in the farm equipment sector. After acquiring Punjab Tractors Limited (PTL), it...
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...SOUMI BANERJEE UG:2 ; 4th Semester; ROLL NO. : 107 PAPER :Major 5----- INDIAN POLITICS SINCE INDEPENDENCE. THE CHANGING DYNAMICS OF PEASANT MOVEMENT IN INDIA The agrarian structure and land reforms in india have undergone a significant change since Independence both as a result of land reforms during the mid-fifties and more so as a consequence of rapid-technological changes, especially since the mid-sixties. During the late nineteenth and early twentieth century, increase inproduction of commercial crops and introduction of canal irrigation in some parts of india acted as a catalyst in enhancing agrarian development. However, irrigation investment was confined to only limited areas and also the archaic land relations provided a strong barrier to the full exploitation of the benefits of new technology. The land relations were more or less semi-feudal in the Permanently settled ares.Even in the Mahalwari and Ryotwariares, where land transfers had been legalized,large tracts of land had passed to absentee money-lenders and sahukars, due to large-scale peasants’ indebtedness. This resulted in peasant uprising in various parts of India. Moreover because of the non-differentiation in the peasantry and the all-embracing nature of the anti-imperialist struggle, the peasant movement was able to unite all section of the peasantry. The nature of the peasant movement in the colonial period can only be understood in the context of the then existing mode and relations...
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...Women farmers: The Invisible Face of Agriculture in India Swaminathan, the famous agricultural scientist describes that it was woman who first domesticated crop plants and thereby initiated the art and science of farming. While men went out hunting in search of food, women started gathering seeds from the native flora and began cultivating those of interest from the point of view of food, feed, fodder, fiber and fuel. Women have played and continue to play a key role in the conservation of basic life support systems such as land, water, flora and fauna. They have protected the health of the soil through organic recycling and promoted crop security through the maintenance of varietal diversity and genetic resistance. Gender discrimination runs deep at many levels: Women manage every aspect of farm work, but are not considered farmers. They toil in the fields—planting, sowing, weeding, and harvesting—but are not landowners. They harvest and process the produce, but men largely control the market and income. Studies on women in agriculture conducted in India and other developing and under developed countries all point to the conclusion that women contribute far more to agricultural production than has generally been acknowledged. Recognition of their crucial role in agriculture should not obscure the fact that farm women continue to be concerned with their primary functions as wives, mothers and homemakers. Despite their importance to agricultural production, women face severe...
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...Q) WHAT IS AGRICULTURE ? Agriculture is the cultivation and breeding of animals, vegetation and fungi for meals, fiber, biofuel, medicinal plant life and different products used to preserve and beautify human existence.[1] Agriculture turned into the key improvement within the upward push of sedentary human civilization, wherein farming of domesticated species created meals surpluses that nurtured the improvement of civilization. The look at of agriculture is known as agricultural technology. The records of agriculture dates lower back hundreds of years, and its improvement has been pushed and defined by means of greatly distinct climates, cultures, and technology. Business agriculture based totally on big-scale monoculture farming has emerge as the dominant agricultural approach. In India’s financial system agriculture plays a vital role. Over 58 according to cent of the rural households rely on agriculture as their foremost means of livelihood. As in step with the 2nd advised estimates by the Central Statistics Office (CSO), the percentage of agriculture and allied sectors (together with agriculture, farm animals, forestry and...
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...Rural Economy in India Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[3/5]Total Votes [ 10 ] Rate this page: 1 2 3 4 5 The Rural Economy in India is wholly agriculture based and it is of tremendous importance because it has vital supply and demand links with the other Indian industries. Agriculture is the main stay of the Indian economy, as it constitutes the backbone of rural India which inhabitants more than 70% of total Indian population. The fertility of the soil has augmented the success of agriculture in India. Further, Rural Economy in India has been playing an important role towards the overall economic growth and social growth of India. India has been predominantly an agriculture-based country and it was the only source of livelihood in ancient time. During prehistoric time when there was no currency system the India economy system followed barter system for trading i.e. the excess of agricultural produce were exchanged against other items. The agriculture produce and system in India are varied and thus offers a wide agricultural product portfolio. Today, the rural economy in India and its subsequent productivity growth is predicated to a large extent upon the development of its 700-million strong rural population. The agricultural economy of India is drafted according to the needs of rural India since majority of the population lives in about 600,000 small villages. In India, agriculture accounts for almost 19% of Indian...
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...AGRICULTURAL SECTOR IN INDIA GROUP DETAILS Aashish Kumar Arya 13DM003 Akanksha Khar 13DM017 Abhay Goyal 13DM006 Akash Jain 13DM019 Abhishek Surendra Rane 13DM008 Ankit Saraff 13DM029 INDIAN AGRICULTURAL SECTOR EXECUTIVE SUMMARY India accounts for only about 2.4 % of the world’s geographical area and 4 % of its water resources, but manages about 17 % of the world’s human population and 15 % of the livestock. Agriculture is a critical sector of the Indian economy. Though its contribution to the overall Gross Domestic Product (GDP) of the country has fallen from about 30 % in 1990-91 to less than 15 % in 2011-12, a trend that is expected in the development process of any economy, agriculture yet forms the backbone of development. An average Indian still spends almost half of his/her total expenditure on food, while roughly half of India’s work force is still engaged in agriculture for its livelihood. Being both a source of livelihood and food security for a vast majority of low income, poor and vulnerable sections of society, its performance assumes greater significance in view of the proposed National Food Security Bill and the ongoing Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme. Accelerating the growth of agriculture production is therefore necessary not only to achieve an overall GDP target of 8 % during the 12th Plan and meet the rising demand for food, but also to increase incomes of those dependent on agriculture to ensure inclusiveness...
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...world trade organization (WTO) agreement on India farming community is well published and has become a major concern of wide spectrum of people and organizations in India. (Refer to February 2, 2001 cover story of FRONTLINE, a publication of The Hindu news paper). The drastic erosion of the price of farm produce and the dumping of cheap agriculture commodities by other countries are allegedly undermining the welfare of Indian farmers who form over seventy percent of the nation’s population. Various theoretical solutions based on political leanings and financial considerations are offered by a wide spectra of Indian media, public and national intelligentia. However, a solution based on a sound and practical scientific approach has yet to be emerge. Underlying all the problems is the inability of the country to compete with the other nations in pricing and quality of Indian farm produce and agriculture commodities. Most other nations can produce at lower cost than India, agriculture items traded in the international market. An attempt is made here to evolve a scientific dimension for solving the WTO related negative impacts on Indian agriculture in general and the economics of the farming community in particular. India has one of the lowest agriculture productivity or crop productions per acre in the world. This is responsible for most of the maladies associated with WTO considerations. Adoption of modern agriculture production practices and putting tools of state-of-...
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...RESEARCH PAPER Economics Volume : 4 | Issue : 2 | Feb 2014 | ISSN - 2249-555X An Economic analysis of Trends in Agriculture Growth and Production in India KEYWORDS Ramachandra Murthy K Research Scholar DOS in Economics and Cooperation, University of Mysore, Mysore Anand C Research Scholar, DOS in Economics and Cooperation, University of Mysore, Mysore Manjuprasad C Research Scholar, DOS in Economics and Cooperation, University of Mysore, Mysore ABSTRACT The present paper examines the performance of Trends of Agriculture growth and production in India. And also The paper has shown the growth and production has significantly increased from during the last three decades and also highlight the performance of the Indian agriculture growth is also increased over the period of time the present paper mainly focused on the secondary sources with help of the statistical tools such as mean, standard deviation, covariance, CGR, regression methods has been used for study purpose. Introduction India has made impressive strides on the agricultural front during the past three decades. Much of the credit for this success should go to the several million small farming families that form the backbone of Indian agriculture and Indian economy. Policy support, production strategies, public investment in infrastructure, research and extension for crop, livestock and fisheries have significantly helped in increasing the agricultural productivity, food production and its availability...
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...INTRODUCTION Background Information The importance of agriculture in Kenya cannot be over-emphasized since it forms the backbone of the country’s economy. Agriculture contributes directly 26 per cent of the Gross Domestic Product (GDP) and another 25 per cent indirectly. It supplies the manufacturing sector with raw materials, generates tax revenue that helps to support the rest of the economy and accounts for 65 per cent of Kenya’s total exports. It also employs over 40 per cent of the total population, and, over 70 per cent of the rural population depends on agriculture for their livelihood. The agriculture sector plays an important role in Kenya’s economy (Government of Kenya, 2009), and has been identified as a key driver to achieve the...
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...Agrarian Crisis in India: The Root Causes The declining contribution of the agriculture sector towards India’s GDP is questioning the status of this sector as the backbone of the economy. With time agriculture is turning into an economically unviable activity with almost no profitability pushing the sector in a state of crisis. The following report analyses how the agrarian crisis can largely be attributed to the economic reforms in India since 1991. Lack of Easy Credit to Agriculture and Dependence on Money Lenders In 1969, 14 major commercial banks were nationalized with one of the objectives of developing banking sector in rural areas and providing easy institutionalized credit to the farmer. Soon these banks became the major source of affordable credit in the rural market particularly for the small and marginal farmers. However in the era of neo liberalization, since 1991, the nationalized banks started reducing their commitment below the prescribed 18 per cent, while the cooperative banks turned sick and failed to provide credit. With the implementation of the recommendations of the Narasimham Committee on Banking Reform post 1991, some of which included the decontrol of interest rates, large scale closure of rural branches for rationalized branch networks, the national effort towards developmental and social banking for farmers came to an end. This squeezed credit lines to farmers and led to a drastic fall in the credit flow to agriculture. In Andhra Pradesh...
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...construction contractor and has successfully executed various contracts of Roads, Bridges and Township etc. in West Bengal, Bihar and Uttar Pradesh. The best execution of civil work was in `RAM KI PAIRI’ on the Bank of `SARYU’ River in Ayodhya which was designed on the pattern of `HAR KI PAIRI’ Haridwar. And ITI Mankapur Township was also well appreciated. He also had been the largest manufacturer of Bricks for Entire Township of `Bharat Cocking Coal Limited'. In 1982 he was given a challenging and fully diversified job of manufacturing soft drinks viz: Thumsup, Limca, Gold Spot and Bislery Club Soda etc. as a franchisee of “PARLE EXPORT PRIVATE LIMITED”. He brought the production with a short span of time and achieved the highest growth in India in 1985. The franchisee co. is named as `Amrit Bottlers Private Limited’. Subsequently `PARLE’ brand was taken over by the `COCA COLA’ and Mr. Ladhani converted the mechanized plant into fully automatic and computerized plant and now is having a largest production capacity and highest sale in Eastern U.P. for the last several years. They have a `COLD STORAGE’ named as `Laxmi Cold Storage and Allied Industries’ adjacent to the `Amrit Bottlers Private Limited’, Faizabad now the same has become of the largest capacity to preserve to potatoes and fruits in Eastern U.P. The enterprising factor which can be termed as back bone of the Mr. Ladhani’s success is the joint efforts of the management, which brought all the ventures to highest level of...
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...WTO AND INDIAN ECONOMY (AGRICULTURAL IMPLICATIONS) BY: RAYNAH FERNANDES 13 SRUSHTI GANGAN 14 NEHA GAONKAR 15 INDEX 1. WORLD TRADE ORGANISATION GATT Principles of WTO Objectives & Function 2. INDIA & WTO 3. INDIAN ECONOMY 4. INDIAN AGRICULTURE Agricultural Trade Agricultural Support Policies Importance Of Indian Agriculture 5. AGREEMENT ON AGRICULTURE The Three Boxes: Green, Amber and Blue Trend In Pattern Of Consumption Implication Of Agreement : Short Term and Long Term 6. WTO & INDIAN AGRICULTURE India’s Commitment India’s Agricultural Trade Under WTO Regime 7. A STUDY & ITS FINDINGS 8. SUGGESTIONS 9. BIBLIOGRPHY ACKNOWLEGEMENT We would like to acknowledge and express our sincerest gratitude for the efforts and timely guidance of our professor Mrs. Neelam Shetty of Managerial Economics for providing us the opportunity to study the impact of WTO agreements on the Indian economy especially focused on the agricultural sector. We would also like to thanks and express our gratitude towards professor Mr. Agnelo Menezes of economics from the Bachelors of Arts faculty and his student from XRCVC Master Prashant Lindayat. Each and every team member gave in his best to make sure that this report has all the necessary inputs and is completed on time. We definitely had a knowledgeful and enriching experience. WORLD TRADE...
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...– the Decisive Factors The economic development of India largely depends upon a few factors, which prove to be decisive. According to the World Bank, for a better economic development, India needs to give due priorities in various issues like infrastructure, public sector reform, agricultural and rural development, reforms in lagging states, removal of labor regulations and HIV/AIDS. Agriculture, along with other allied sectors like fishing, forestry, and logging play a major role in the economic development in India. In 2005, these sectors accounted for almost 18.6% of the GDP. India holds the second position worldwide in terms of farm output. It also generated works for 60% of the total workforce. Though, currently seeing a steady decline of its share in the GDP, it is still the largest economic sector of the country. In India, a steady growth has been observed in the yields per unit area of all the crops since 1950. And the reason behind this is the fact that, special emphasis was given on agriculture in the five-year plans. In 1965, the country saw green revolution. Improvements came in the various areas like irrigation, technology, provision of agricultural credit, application of modern agricultural practices and subsidies. India has done considerably well in agriculture and allied sectors. The country is in 2014 the world’s largest producer of tea, coconut, cashew nuts, black pepper, turmeric, ginger and milk. India also has the largest cattle population in the world...
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...in public. * Taxation policy. * Industrial growth on national level. * Economic development. * Socialism of state. * Miscellaneous economic Problems. I. Economy enterprises. II. Over population III. Upliftment of women for economic development. IV. Human capital. V. Hindu economy. (1) Reforms on agricultural land:- After long study on Indian agriculture Ambedkar recognised that problems of agriculture related to farmers should be solved, in one of his article i.e. "Small Holdings in Indian and their remedies"(1917) and also in "Status and minorities"(1947) he has suggested some reforms which has included in the manifesto of the "Swatantra Majdur Paksha"and the Scheduled caste Federation. Ambedkar recognized that small subdivided and fragmented holdings of land are the major problem of Indian agriculture with affects. It has resulted in various disadvantages, and there were difficulties in cultivation and utilization of resources increasing cost, low productivity, inadequate income, Low standard of living etc. According to Dr. Ambedkar reforms on agriculture is not related only with the size of holdings but also with other factors such as capital, labour and other inputs, so the concept of "Idea of Economic holdings is very much clear". If capital labour is not available in large amount so the quality of large size holdings may become unproductive, or its productivity may be low on the other hand small sized holding becomes more productive...
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...------------------------------------------------- Sectors[edit] Percent labor employment in India by its economic sectors (2010).[110] The GDP contribution of various sectors of Indian economy have evolved between 1951 to 2013, as its economy has diversified and developed. Historically, India has classified and tracked its economy and GDP as three sectors — agriculture, industry and services. Agriculture includes crops, horticulture, milk and animal husbandry, aquaculture, fishing, sericulture, aviculture, forestry and related activities. Industry includes various manufacturing sub-sectors. India's definition of services sector includes its construction, retail, software, IT, communications, hospitality, infrastructure operations, education, health care, banking and insurance, and many other economic activities.[111][112] Agriculture[edit] Rice fields near Puri, Odisha on East Coast Main articles: Agriculture in India, Forestry in India, Animal husbandry in India, Fishing in India and Natural resources in India India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 17% of the GDP and employed 49% of the total workforce in 2014.[113] As the Indian economy has diversified and grown, agriculture's contribution to GDP has steadily declined from 1951 to 2011, yet it is still the largest employment source and a significant piece of the overall socio-economic development of India.[114] Crop yield per unit area of all crops has grown since...
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