With agriculture being the backbone of the country’s economy, the agriculture industry commands a large share of its gross domestic product and is essential for socio-economic development. India is one of the largest global producers of agricultural products, fruits and vegetables. While the industry is dominated by village-based, small scale businesses, large scale enterprises involving huge investment and complete automation are also part of the entire scenario. The industry has adopted recent technical innovations to a large extent in terms of the entire farming, processing and storage methods. It also presents substantial scope for foreign direct investment (FDI), particularly in the consumer food segment. The entire agro industry can be divided into a number of sub-categories such as food grains, canned, dairy and processed products, fisheries, frozen food, poultry, and beverages. With abundant government support in the form of agricultural schemes and policies, more private investment in the sector would certainly strengthen India’s position globally. Hide this