Scanning of environment for indian agribusiness: Some interventions for promising future

Today agribusiness has become one of the important sectors in the developing countries to boost up their economies and meeting globalization opportunities and challenges. This paper has scanned the Indian agribusiness environment and its growth prospects at a time when Indian agribusiness sector is poised to make giant strides, leading India to the class of developed and food surplus nations. Despite all the favourable policy initiatives from the government, India still lags behind in terms of global comparisons of productivity, minimization of post-harvest losses and extent of value addition/food processing. The paper has shown the need for backward and forward integrations across the whole value chain. Moreover, development of adequate market infrastructure, easy access to credit, and availability of technical know-how become imperative with goal of development of India. The essentiality of PPP (public-private partnership), therefore, can't be ignored as it will be the key towards development of Indian agribusiness sector. The paper has highlighted the need to strengthen and integrate the domestic marketing system. Direct marketing should be encouraged. Further, there is a need for amendment of APMC Act in tune with Model Act in all the states for establishing private markets and contract farming. Special markets are required for specific commodities. The study has stressed on cutting of unnecessary procedures and reduction in the number of bureaucrats with whom entrepreneurs have to interact.