From the traditional weekly bazaars to the e-choupal, India has not only moved from an agricultural economy to a services economy but services have moved into the agricultural sector, which is evidence enough to show the direction of ‘Independent India’.
With the ‘onset’ of LPG (Liberalization, Privatization, and Globalization) in 1991, there has been a downpour of investments into India, though limited to services and infrastructure but also beneficial to agriculture and allied activities. The real answer to this unprecedented growth from the agricultural sector to the services sector has been an increase in urbanization.
With urbanization and urban consumption at an all time high, the primary sector has needed to increase its overall efficiency in production and distribution, the solution for which has been provided by the services sector in the form of SCM (Supply Chain Management) and other services. The benefits have been multi fold, not only affecting the process but also the input as the farmers too gain by seeking competitive prices for their produce through innovative schemes like the e-choupal.
After sixty years of independence, India has ploughed its way into limelight with a growth rate hovering around the 8% mark, with emphasis more on the progress of the tertiary sector, with companies like Infosys, Wipro, TATA, ITC and many others contributing to this growth, the benefits of which have befallen on the agriculture and secondary sector.
So the real question is not the move from an agricultural economy to services economy but the coordination of the two in India’s growth.
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