Agriculture:

Today, India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 16.6% of the GDP in 2007, employed 60% of the total workforce[1] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a significant role in the overall socio-economic development of India.

India is the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper.[2] It also has the world's largest cattle population (193 million).[3] It is the second largest producer of wheat, rice, sugar, groundnut and inland fish.[4] It is the third largest producer of tobacco.[4] India accounts for 10% of the world fruit production with first rank in the production of banana and sapota.[4]
India has many farm insurance companies that insure wheat, fruit, rice and rubber farmers in the event of natural disasters or catastrophic crop failure, under the supervision of the Ministry of Agriculture. One notable company that provides all of these insurance policies is agriculture insurance company of india and it alone insures almost 20 million farmers.
India's population is growing faster than its ability to produce rice and wheat.[5] The most important structural reform for self-sufficiency is the ITC Limited plan to connect 20,000 villages to the Internet by 2013.[6] This will provide farmers with up to date crop prices for the first time, which should minimise losses incurred from neighbouring producers selling early and in turn facilitate investment in rural areas.