Business of Agriculture for US$ 5 Trillion Economy - Naya Sankalp, Naya Bharat!

Abstract

Agriculture sector has a pivotal role in helping the country to achieve the goal of becoming five trillion dollar economy. The transformation of agriculture sector is vital for alleviation of rural distress and to achieve the vision of $5 trillion economy, doubling farmer’s income by 2022, Self Reliant India and Sabka Sath Sabka Vikas. India is in on the path of becoming self reliant with lower dependence on imports and promoting exports. The decline in imports will lead to great desideratum of domestic agricultural produce. The escalation of agricultural produce and exports will improve the lives of farmers and help in doubling farmer’s income. The development of cost effective technologies for harvest operations will help to elevate the straitened conditions of farmers. The ground realities of agriculture sector and untapped potential usher the role of Cost and Management Accountant into focus for self-reliant India and doubling farmer’s income by 2022.