The Agribusiness- One of the Top Priority Business in the World.

Today we are passing through the Coronavirus outbreak, the question in everyone’s mind is, ‘Will things go back to normal?’ Things will never be the same again. We will have to live with this disease for a long time. Safety / precautions are only way to stay away from this disease.

Today every business operations has been suspended due to Covid-19 outbreak. It should be considered, what fundamental changes will take place in upcoming months. A number of businesses are struggling to survive even some of them will stop their operations during this years.

Adversely affected Sectors

•     Apparel & Textile.
•         Auto sector 
•         Aviation & Tourism 
•         Shipping and Non-Food Retail 
•         Building & Construction 

However, the relief packages has been announced by many Nations to boost up their economy. Recently India has announced the Relief package 20 Lakh Crore INR, accounts ten percentage of their GDP, which to be used in order to ramp up the new startup, survive the MSME’s, or tiny industries and boost up agribusiness. The main agenda of this package is to make India self-dependent and to promote make in India campaign.

In this pandemic situation a number of businesses & Industries, which have been working during the lockdown period and government allow to resume their operations to meet the Nation demand i.e.: essentials goods manufacturer and services provider. The Agriculture is one of them the major sector, which were not banned by the government. 

Everybody are in their home but today the farmers are free to carry their operations, no any ban was imposed on them. However, they are vassal to wok under the safety guideline formed by the Govt. Nobody can move without pass or permission, but the Farmer's and Agro-industrialist can do their commercial activity freely without any hindrance. The agro-product manufacturer can be manufacture, buy the raw material and sell their products but it is not permissible to any other sector except some essentials service provider.

According to the world Fact book of CIA there are a number of countries which are more dependent on the agriculture including the Liberia, Somalia, Sierra Leone, Chad, Nepal, Bangladesh and India. The economy of Liberia is heavily reliant on its agriculture which account 76.9% of West African countries GDP, highest in the world. The World second most agriculture reliant country Somalia account 60.2% of East African country's GDP followed Chad 52.7, Sierra Leone 51.7 percent, and Nepal 34 percent. GDP from Agriculture in India increased to 6091.05 INR Billion in the fourth quarter of 2019 from 3664.29 INR Billion in the third quarter of 2019.

Today, the major reason, behind the stability of these country’s are only their dependency on the agriculture sector. The economy’s of these country’s were not effected than the developed countries. In some countries the agriculture activities used to be carried out to run their livelihood, but now it is being diverted from traditional way to futuristic growth. The government are continuously bringing the new schemes to encourage the foreign investor, domestic venture and group of farmers. A number of training and financial institutional are working in this area to enhance the capacity and to sustain the sectoral growth. Consequently, the agribusiness will be one of the top beneficial business in the future. This is true, “the farmer in the field and soldiers on the border is the foundation of any Country security’s”.