Financial Aspects of Irrigation Projects 2010

Agriculture, an important sector of our economy accounts for 14 per cent of the nation’s GDP and about 11 per cent of its exports. India has the second largest arable land base (159.7 million hectares) after US and largest gross irrigated area (88 milion hectares) in the world. Rice, wheat, cotton, oilseeds, jute, tea, sugarcane, milk and potatoes are the major agricultural commodities produced. More importantly, over 60 per cent of the country’s population, comprising several million small farming households, depends on agriculture as a principal income source and land continues to be the main asset for livelihood security. 