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India Is A Global Agricultural Powerhouse Essay

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INTRODUCTION
India is a global agricultural powerhouse. Agriculture, fishery and forestry are the largest contributors to the Gross Domestic Product (GDP) in India. This however plays a major role in the Indian economy. It is the largest in the production of wheat, rice and cotton. Multiple factors have influenced the growth of India’s agricultural sector which includes the growth of consumption, household income and expansion in agricultural exports. There has been a rise in private participation in Indian agriculture and the use of information technology in the agricultural industry. However, India suffered its own economic downturn in 2008-09, when production output from the agricultural industry was hampered by unusual rain conditions leading to a drought in 2009-10 (Mintel, 2013). There is also an issue of pricing, storage, and processing which have had an impact in the degree of value creation and this is affecting most farmers especially the poor ones who are dependent on seed sold in the market. James Mortimer Ltd is a merchant company in grains and seeds. It was established in the year 1869; it has a reputation for fairness and integrity. It is a medium sized wholesale farming business with a warehouse, seed plant facility and standalone grain store in the United Kingdom.
FINDINGS AND ANALYSIS
THE MARKET SELECTION
Based on J.K. Johansson (1997), he describes the international market selection process with five steps (Appendix 1):
1. Country identification: this

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