Analysing the Growth Prospects of Agribusiness Input Sector in India
Darsi Pradeep Kumar, K. R. Ashok, C. Karthikeyan, P. Flowrine Olive
Asian Journal of Agricultural Extension, Economics & Sociology · pp. 21–25 · Published 26 Apr 2022
10.9734/ajaees/2022/v40i830933Abstract
Aim: Agribusiness is undergoing huge transformation. Seed, fertilizer and pesticide sector plays a vital role in agribusiness. The aim of this paper is to study about the overview of agribusiness system in Indian and to analyze the growth prospects for agribusiness in India. Study Design: Secondary data was collected from various government websites and reports. The data was organized and analysed to fulfil the objective of the study. Methodology: Compounded Annual Growth Rate (CAGR) was used to analyse the data. Secondary data was collected from 2010 to 2020. Results: Results revealed that the production, sale and consumption of major agricultural input-based agribusiness are growing with a CAGR of 2 per cent on an average. This revealed the scope for input-based agribusiness in India.
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