1.1. Macro Review
Agriculture is the primary source of livelihood for nearly 58% of India’s population. The contribution of agriculture, and agricultural activity accounted for 17.32% of the national Gross Domestic Product (GDP) in the fiscal year 2016-17.
A majority share of the contribution to India’s magnanimous agriculture sector, comes from a handful of States; also known as primary agriculture States. These are Punjab, Uttar Pradesh, Madhya Pradesh, Haryana, Bihar, Andhra Pradesh, Maharashtra, West Bengal and Gujarat.
Despite the fact that farmers carry as crucial an industry as agriculture on their shoulders; majority of them end up with returns that are far from viable.
The average annual income of farmers from cultivation in 17 States of India, is approximately Rs. 6,426--which places them well below the poverty line.