Agribusiness in india: lessons and visions

Agricultural production of selected food crops has increased in the subsequent years since the end of Seventh Five Year Plan in the country. There has been a significant increase in the production of foodgrains in the post-independence period from 1949-50 to 1992-93 which accounted for 1250.9 lakh tonnes. The production of foodgrains was 549.2 lakh tonnes in 1949-50 which increased to 1800.1 lakh tonnes in 1992-93 with an annual growth of 2.71 percent. During the post-green revolution period the growth of foodgrains was assessed at 2.84 percent per annum which accounts for increase of production from 950.5 lakh tonnes to 1800.1 lakh tonnes in 1992-93. The index of agricultural production marked an increase of 3 percent over the increase of 21.7 percent registered during 1988-89. This increase resulted due to significant production of rice, wheat, pulses, oilseed, jute and mesta, sugarcane and other commercial crops.