India’s GDP Growth Tanked To -23 % In Q1 FY 2020–21
Agriculture showed a strong way for India, with a positive 3.4 % growth In Unprecendenting COVID-19 Pandemic
GDP Of India, tanked to -24 %, in the first quarter of FY 2020–21, but despite these devastating numbers, one sector which came to salvage and showed us some hope is our Agriculture and its allied services.
Agriculture & its allied activities registered the positive growth rate of 3.4 %, thanks to the relaxation this sector received during the COVID-19 pandemic lockdown.
Agriculture In India Is A Bright Shining Spot:
This speaks highly of the potential this sector has, to really make our country self-reliant, But it doesn’t mean that other sectors were meant to suffer.
Every sector has a role to play and they have to work together to write the growth story of a diverse country like India.
Yes, We Can Bounce Back, And We Have To?
“Nothing is permanent and this time shall also pass by ”.
A COVID-19 pandemic may have been one of the reason, but I don’t feel it is solely responsible, the bigger contribution has been the poor lockdown implementation strategy, which failed to capture the fabric of the diverse nation like India. We have missed the point that we are a nation where a large part of the population coming from the village is driving the urban population's aspiration, by their hard work.
Lockdown was implemented without thinking about how the market economy will suffer, where the people will get the money in the pocket to spend. Many were left suffering for one day meal, many small businessmen were left to shut down their businesses. Suddenly demand and supply went for the toss, here we are, now with a negative GDP growth rate. Which I feel will take its own course of time to bounce back, as the damage has been done to such an extent that if it is not handled with the required sensitivity, our economy may struggle for the next 2–3 years to get back on track. I just hope we bounce back faster.
The onus is again back on to the decision-makers, policymakers and economically abled business owners to have an honest review of what went wrong, and come up with the required strategy to put the money back in the pocket of consumers and entrepreneurs.
Startup Has An Important Role To Play :
Having said that, the role of startups now becomes even more important, to offer innovative, creative, and futuristic solutions which is indigenous and tailored for the domestic population.
Agriculture as a sector needs special attention as it can be the front-runner to help our Indian economy bounce back in a big way, helping generate income for one and all.
Domestic companies and entrepreneurs have to be supported through innovative tax reforms , subsidies, and financial support, by our government to not only generate revenue for our workforce but also to supply services and goods to the international market.
“A self-reliant India” as a dream will become a reality if we bring back our attention to our ailing agriculture sector, which in spite of all the potential is struggling to fire full cylinders. “
Young people’s interest to engage in farming and support the farming population has to be stirred strongly, we need to use our technology to spread the required awareness this sector deserves.
If more and more educated youth are willing to start their business in the Agri sector, many wonderful things can unfold infusing the much-needed confidence in this sector, where everyone will work together to help each other win.
Agriculture is not only the profession it is a culture that has immense power to strengthen the people of India both emotionally and economically.
So let’s support
“Krishi Pradhan Bharat ” and do our bit to reform it.
Thanks for reading, come join hands with me, and spread the message of agriculture prowess together.
