Agriculture Sector

The agriculture sector has been one of the most important growth contributing factor for a country’s development as it tends to serve the basic needs of the population of the country. Food has been all the way the most important and vital form of consumption in human living and serves a very important purpose for the growth and development of any individual and, hence, is vital for human living. This has made the agriculture sector all in all a very important and growth embarking sector of all time. Moreover, not only it tends to forms the growth and development of the living beings or the population of a country, but also plays a vital role in generating employment and driving the overall growth of a country.

 

Agriculture Sector

What is driving the growth of the Agricultural Sector worldwide?

The Agriculture Sector has witnessed significant growth in the past few years owing to the increase in the income levels which has led to an increase in the growth of health and nutrition led by economic development in many developing countries across the world. The potential growth of purchasing power parity of the developing countries across the globe has increased the spending over health and nutrition, and, as a result, increased demand for cereals and grains and other naturally produced food grains. This has provided immense opportunities to the agricultural sector to witness substantial and ever growing development. Further, the increased growth in the technical up-gradations in the agricultural Sector has led to an increase in the growth of the use of more technologically advanced products and is not only, anticipated to be a growth proliferator for the agricultural Sector in the coming future, but, is also expected to support the growth and development of automotive (agriculture automation), chemicals, pests and fertilizers manufacturers along with it. Based upon the regional distribution globally, Africa stands as the highest growth marking region owing to cheap labor, availability of arable land for crop production and increase in the growth of the automation in the respective sector.