FDI in Indian Agricultural Prospective
In India, agriculture is an important part of the Indian economy and accounts for about 19% of the Indian gross domestic product (GDP). Agriculture is the mainstay of the Indian economy because it forms the backbone of rural India, where more than 70% of the total population of India lives. The Ministry of Agriculture, the Department of Rural Affairs and the Planning Committee of India are important governing bodies that determine the role of future agriculture in India and that are focused on the development of the agricultural sector in India. FDI / NRI / OCB is not allowed in the Indian agricultural sector.