Current Status of farmers in Kharar, Punjab: An Economic Approach

Abstract

An important segment of the population relies on agriculture for their living, and it has long been a key contributor to the GDP of India. Because it is one of the country's largest private industries and is connected to a variety of production and market sectors, agriculture holds the most significant place in the Indian economy (Sengupta, n.d.). The projections from the Ministry of Statistics & Programme Implementation (MoSPI) indicate that the GVA of agricultural and related sectors was 20.1% in 2020–21, 19% in 2021–22, and again 18.3% in 2022–23 (Singh, 2023). India is a big producer of crops like rice and wheat due to its diversified agro-climatic conditions and fertile soil. In addition to helping to ensure the nation's food security, agriculture is essential for the employment market. While growing a crop, farmers strive for the best possible outcome. This paper deals with the economic aspect of the farmers that is his return on investment. A survey was conducted in five villages viz Shakrullapur, Rora, Batta, Bibipur and Theri; where 125 farmers information was gathered regarding their land holdings, cost of cultivation and yield to determine the profit earn by them in a season. The total input cost is calculated on the basis of total amount of money invest per hectare by the farmers. In average a farmer spends around Rs. 38,000 per hectare as total input cost and in return they get around Rs. 4,17,800 per hectare which makes them a profit of Rs. 3,79,800. This price includes the cultivation of rice as well as wheat crop.