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Abstract: Agriculture in G20 and its significance in sustainable development

by | Dec 14, 2023 | Education, Recognition, Research, Uncategorized

Agriculture in G20 and its significance in sustainable development

Dr. Srilakshmi Ramu, Asst. Professor in Management,
Ms. Hasini Reddy, BBA student
St. Mary’s College,Yousufguda, Hyderabad, India

Presented and published at journal of IIMC

Abstract: G20 was formed in the year 1999, with European union and nineteen other countries as a worldwide platform, to promote global financial stability and long-term economic expansion. With two thirds of the world’s population under its membership, the combined economic contribution of its members generates about 80% of the world’s economic output. India as a prominent agriculture nation, plays a crucial role in global food security. Agriculture is a significant component of the Indian economy and a key economic driver for economic growth. It is a vital industry employing over 58% of the workforce and contributes 17% of the country’s GDP, generating 25 % of the country’s income. It is the main industry for employment creation and capital formation and human health is largely determined by nutrition, which is reliant on a broad spectrum of agricultural goods in many facets of life.Prime Minister Narendra Modi focused and emphasised in G20 summit held in India’s Presidency on “creating accessible digital infrastructure to make it a catalyst for socio-economic transformation of the agriculture ecosystem and farmer-centric public and commercial digital innovations”. The sustainable development goal to end hunger, achieve food security and improved nutrition and promote sustainable agriculture and the global issues facing the agriculture sector that require immediate attention were also highlighted. In present article the researcher focuses on the significance of agriculture in Indian economy role of agriculture in G20, and the priority areas to encourage diversification in agriculture, promoting sustainable agriculture, and channeling financial resources towards environmentally conscious and climate-resilient farming.

Key words: Agriculture, G 20, Sustainable development