Agricultural Production, Trade Balances and Sustainable Development in India: An Analytical Study

Farmers in India regularly participate in various types of agricultural activities to generate income for their families. Even though the government has implemented a number of programmes to support agricultural entrepreneurs and farmers, there is still much to be done to enable organisations from remote and tribal areas to benefit economically from the agriculture industry. The present study has made an attempt to figure out the significance of agricultural production and trade balance to the Indian economy for sustainable and consistent development. This study aims to bring out the role of agriculture in the sustainable economic development of a developing country like India. For this purpose, this research work has been conducted through an analytical research strategy. Data has been collected through secondary data sources such as National Accounts Statistics, the Directory of Economics & Statistics, the Ministry of Agriculture & Farmers Welfare, the Government of India, and NABARD. The sourced data has been tabulated and analysed. The data related to agricultural production, import, export and trade surplus or deficit has been collected to figure out the significance of the agricultural sector and its contribution towards the sustainable development of the country. The country’s production has increased and due to that the value of the agricultural trade balance has also increased in recent decades.