• ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS
Monday, October 5, 2026
  • Login
Economy India
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Gold & Silver
  • National
  • State
  • People
  • Companies
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
  • Home
  • Economy
  • Business
  • Finance
  • Gold & Silver
  • National
  • State
  • People
  • Companies
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
No Result
View All Result
Economy India
No Result
View All Result
Home Economy

India Cannot Achieve Developed Nation Status with ‘Backward Agriculture’: Bayer’s South Asia President

South Asia head of the German chemical giant, Bayer, has recently expressed serious concerns regarding the challenges in India's agricultural sector.

by Economy India
September 13, 2024
Reading Time: 5 mins read
Revolutionary reforms are essential to elevate the country's agriculture sector and ensure India's status as a global player by 2047.

Revolutionary reforms are essential to elevate the country's agriculture sector and ensure India's status as a global player by 2047.

SHARESHARESHARESHARE
india csr awards
ADVERTISEMENT

Revolutionary reforms are essential to elevate the country’s agriculture sector and ensure India’s status as a global player by 2047.

Author: Laxmi Devi Aire

PANIPATH (ECONOMY INDIA ): The South Asia head of the German chemical giant, Bayer, has recently expressed serious concerns regarding the challenges in India’s agricultural sector. He stated that if India aspires to become a “developed nation” by 2047, significant reforms in the agricultural sector are essential. At present, due to outdated farming methods, India is not fully utilizing its agricultural production capacity. This could pose a major hurdle to the country’s future development.

Challenges in Indian Agriculture

The president of Bayer pointed out that due to backward technologies and traditional farming methods, Indian farmers are not reaping the full benefits of agriculture. A lack of sufficient technological advancement in farming has made India’s agricultural production less competitive on the global stage. To improve farmers’ incomes, maximize resource utilization, and enhance production capacity, it is essential to adopt cutting-edge technologies.

19th India CSR Leadership Summit 2026
ADVERTISEMENT

Appreciation of Government Efforts

However, he also acknowledged the efforts being made by the Indian government to modernize the agricultural sector. Referring to initiatives like the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) and the Pradhan Mantri Krishi Sinchai Yojana (PMKSY), he noted that these schemes are vital steps towards supporting farmers. The government’s measures to improve agricultural technology, irrigation, and crop protection show promise for improving the current situation.

farmer 7593
Revolutionary reforms are essential to elevate the country’s agriculture sector and ensure India’s status as a global player by 2047.

Bayer’s Contribution

Bayer, a leading chemical and agricultural product company, is actively working to raise awareness among Indian farmers about modern agricultural technologies and tools. The company believes that with technological advancements, farmers’ productivity and income can be significantly improved. Bayer’s products, including pesticides, seeds, and crop protection solutions, play a key role in boosting the production capacity of Indian farmers. The president revealed that the company plans to enhance its research and development efforts in India to make agriculture more efficient and sustainable.

Suggestions for Modern Agriculture

He further suggested that farmers should embrace modern agricultural techniques such as precision farming, drone technology, and data-driven farm management. These technologies can not only increase production but also ensure optimal use of resources. He emphasized that the use of digital technology could assist farmers in gaining real-time information about their crops, receiving timely advice, and establishing direct market links.

Need for Sustainable Agriculture

He also highlighted that merely increasing production is not enough; it is equally important to focus on environmental protection and the sustainable use of resources. With the growing impacts of climate change, there is a need for farmers to adopt sustainable farming practices.

The Bayer president clearly stated that if India is to become a developed nation by 2047, massive changes in the agricultural sector are required. By abandoning outdated practices and making proper use of modern technologies and resources, India can become globally competitive and move from being an agrarian nation to a developed one. Positive outcomes in this direction can only be achieved through collaboration between the government and the private sector.

Quote “India cannot tread the path to becoming a developed nation by 2047 with backward agricultural practices. We must modernize farming, and collaboration between the government and the private sector is crucial.” – Bayer South Asia President.

This article emphasizes the importance of modernizing agriculture and technological advancements, which are essential for India’s progress in the future.

economy india largest media on indian economy business maroon 1 1024x742 5
Economy India Largest Media on Indian Economy & Business

What is the Government Doing?

The Indian government has introduced several key policies and schemes aimed at modernizing and developing the agricultural sector. These initiatives focus on increasing farmers’ incomes, boosting agricultural production, and making agriculture more sustainable and competitive. Here is an overview of some important government efforts:

  1. Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme: Under this scheme, small and marginal farmers receive direct financial assistance of ₹6,000 annually. It aims to improve farmers’ income and strengthen their financial situation in agriculture.
  2. Pradhan Mantri Krishi Sinchai Yojana (PMKSY): The objective of this scheme is to provide “water to every farm” through efficient irrigation facilities. It includes water conservation, management, and the promotion of micro-irrigation techniques such as drip and sprinkler systems to save water and increase production.
  3. Agriculture Infrastructure Fund: This scheme provides farmers with loans and subsidies for building storage facilities, cold storage units, and other agricultural infrastructure. The goal is to ensure better storage and marketing of agricultural products so that farmers can get fair prices.
  4. e-NAM (National Agriculture Market): This is an online portal that allows farmers to sell their products directly. It provides better access to markets and reduces the dependency on middlemen.
  5. Pradhan Mantri Fasal Bima Yojana (PMFBY): This crop insurance scheme provides compensation to farmers in case of crop failure due to natural calamities, pest attacks, and other risks.
  6. Soil Health Card Scheme: This scheme helps farmers by providing information about soil quality, which helps them decide the most suitable crops for their land and the right fertilizers to use.
  7. Kisan Unnati Yojana: This scheme promotes agricultural research and technological innovation to increase farmers’ productivity.
  8. Digital Agriculture Mission: Launched to integrate digital technologies into agriculture, using AI, blockchain, satellite imagery, and IT services to provide farmers with crucial information about crop status, weather forecasts, and market prices.
  9. Farmer Producer Organizations (FPOs): The government is encouraging the formation of FPOs, enabling small and marginal farmers to collectively sell agricultural products and resources.
  10. Agriculture Export Policy This policy aims to boost the export of agricultural products, linking the Indian agricultural sector with the global market.

These efforts by the Indian government aim to modernize agriculture and make it more competitive on a global scale, ensuring a sustainable future for farmers and the country’s agricultural sector.

(Economy India)

Source: Economy India
Tags: Agricultural ReformsIndia Cannot Achieve Developed Nation Status with 'Backward Agriculture': Bayer's South Asia PresidentIndian AgricultureModern FarmingPrecision Agriculture
19th India CSR Leadership Summit 2026
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

Related Posts

Out of 42 PSEs in J&K, 26 Reported Losses or Were Inactive as of March 2023: CAG
Economy

Out of 42 PSEs in J&K, 26 Reported Losses or Were Inactive as of March 2023: CAG

October 2, 2026
S&P Raises India FY27 GDP Growth Forecast to 7%, Sees 25 bps RBI Rate Hike
Economy

S&P Raises India FY27 GDP Growth Forecast to 7%, Sees 25 bps RBI Rate Hike

September 23, 2026
ACFI Seeks Rs 5,000-7,500 Crore Scheme to Reduce India’s Dependence on China for Agrochemical Inputs
Economy

ACFI Seeks Rs 5,000-7,500 Crore Scheme to Reduce India’s Dependence on China for Agrochemical Inputs

September 21, 2026
Moody’s Raises India’s FY27 Growth Forecast to 7%, Flags Crude Oil and El Niño Risks
Economy

Moody’s Raises India’s FY27 Growth Forecast to 7%, Flags Crude Oil and El Niño Risks

September 18, 2026
Modi Pitches India as Trusted Manufacturing Hub, Calls for Deeper Semiconductor Ecosystem
Economy

Modi Pitches India as Trusted Manufacturing Hub, Calls for Deeper Semiconductor Ecosystem

September 18, 2026
NBFID Hosts Infrastructure Conclave 2026 to Mobilise Long-Term Capital for India’s Infrastructure Growth
Economy

NBFID Hosts Infrastructure Conclave 2026 to Mobilise Long-Term Capital for India’s Infrastructure Growth

September 18, 2026
Next Post
Zuno General Insurance Ltd, a new-age digital insurer, has appointed Mr. Jackson

uno General Insurance Appoints Jackson Jacob as Chief Distribution Officer

ESG Professional Network
ADVERTISEMENT

LATEST NEWS

PM Modi Speaks to Flydubai Pilot Captain Smit Machchhar, Praises His Courage

‘Invest Maharashtra’ Platform Launched; 67 MoUs With Proposed Investment of Rs 8.57 Lakh Crore Signed

Indian Women’s Recurve Team Wins Historic Asian Games Gold; Mixed Pair Reaches Final

Five Killed, 21 Injured as Truck Hits Pickup Van on Samruddhi Highway in Amravati

TCIL Pays Government Rs 43.86 Crore Dividend for FY26

Corporate Credit Profile Remains Strong in H1FY27 Despite West Asia Conflict: Ind-Ra

INDIA Bloc Meets Over SIR Row; Joint Agitation, CEC Removal Motion on Agenda

Five Entities Sell 11.05% Stake in Sedemac Mechatronics for Rs 1,469 Crore

  • ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS

Copyright © 2024 - Economy India | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Gold & Silver
  • National
  • State
  • People
  • Companies
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories

Copyright © 2024 - Economy India | All Rights Reserved