Most profitable crops in India

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By Priya SinghUpdated On: 29-Apr-2023 09:59 AM

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Englishहिन्दीमराठीਪੰਜਾਬੀதமிழ்తెలుగు

ByPriya Singh |Updated On: 29-Apr-2023 09:59 AM

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A cash crop is essentially an agricultural crop farmed for profit or money. The majority of crops grown today are cash crops, meaning they are grown for sale in national and international markets. Indian agriculture is growing over time, and rising agricultural demand propels this sector to new heights. Let's have a look at the most profitable crops in India based on the land.

Agriculture, as we all know, is the most profitable industry on the planet. Agriculture is the foundation of any country's economy. Today, we will discuss the most profitable crops in India. India is the world's second-largest agriculture-producing country.

Agriculture is the principal occupation for Indians, in which crops, foods, raw materials, and a variety of other products are produced. Indian agriculture is growing over time, and rising agricultural demand propels this sector to new heights. Let's have a look at the most profitable crops in India based on the land.

Agriculture Overview

India now ranks second in agricultural output worldwide. Agriculture is one of India's most important economic sectors, contributing significantly to the country's overall socioeconomic development. It employs over 64 per cent of the labour force, generates nearly 27.4 per cent of GDP, and accounts for approximately 18 per cent of the country's exports. It provides the majority of items used by the non-agricultural sector as well as raw materials for a big portion of the industry.

India's Cultivation Season

There are three types of agricultural seasons. Seasons of crop production include the Kharif crop, the Rabi crop, and the Zaid crop. Kharif crops are planted at the start of the monsoon season, and kharif crops are harvested from September to October.

Techniques may differ from one farmer to the next and from one location to the next, but the fundamentals remain the same. Cash crops in India are classified according to the seasons as Rabi, Kharif, and Zaid crops.

Rabi Crops - These are winter crops. Rabi crops are planted at the start of the winter season and bloom in the spring. Wheat, jower, gram, linseed, rapeseed, and mustered are the most important Rabi crops.

Kharif crops- These are monsoon-sown crops such as rice, jowar, bajra, soybean, sugarcane, legumes, and so on.

Zaid Crops - These are summer crops such as pumpkin, bitter gourd, watermelon, cucumber, muskmelon, and so on. During the summer, rice, Mainz, and groundnuts are grown naturally.

Also Read: The Benefit of Solar Tractors in Indian Agriculture

What exactly do you mean by cash crop?

A cash crop is essentially an agricultural crop farmed for profit or money. The majority of crops grown today are cash crops, meaning they are grown for sale in national and international markets.

India's most profitable cash crops

Here is a list of some of India's most profitable crops:

Most Profitable Crops for Wet Land

Rice: India is one of the greatest producers of this staple grain. Crop growth requires flooded soil. Rice is the most profitable grain to farm in Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, Assam, and Haryana.

Also Read: How to Choose the Right Implements for Rice Farming

Sugarcane: India ranks second in the world in terms of production of this well-known cash crop. Sugarcane is Karnataka's principal commercial crop. Sugarcane yields per acre range between 60 and 80 tonnes.

Soyabean: One of India's fastest-growing cash crops is soybean. It is high in protein and is mostly grown in the Indian states of Madhya Pradesh, Maharashtra, and Rajasthan.

Bananas: Bananas are a major fruit crop in India. Because it is available all year, it is a profitable farming business in India.

Cotton: India is the world's largest cotton producer, making cotton one of India's most valuable commodities. Gujarat, Maharashtra, and Andhra Pradesh are the top three cash crop producers.

Coconut: India is one of the world's largest producers of coconuts. As a result, revenues from coconut farming are rather significant. Large-scale coconut farming is well-recognized in Kerala, Tamil Nadu, and Karnataka.

Papaya: Papaya trees grow quickly and easily, and their fruits are available all year. It produces fruit throughout the year, making it an extremely profitable farming endeavour.

Mango: Mango is one of India's most popular fruits, making mango cultivation one of the most profitable enterprises in the country. The main mango-producing states in India are Andhra Pradesh, Tamil Nadu, Uttar Pradesh, and West Bengal.

Mushroom farming: One of the most successful agricultural businesses you can start with little cost and a small farm is mushroom growing. In India, UP, Kerala, and Tripura are major producers of commercial mushrooms.

Profitable Farming in Dry Soil:

Aloe vera: Aloe vera farming is becoming more popular in India since the profit per acre is quite high and takes little investment. Aloe vera is grown extensively in Rajasthan, Gujarat, and Andhra Pradesh.

Peanut: Peanut, also known as groundnut, is an essential oilseed crop grown mostly in Gujarat, Andhra Pradesh, Tamil Nadu, and Karnataka. Groundnut farming is more profitable than other nut farming.

Tomato: Tomatoes are a short-season vegetable crop that is simple to grow. As a result, it is one of the most profitable farming enterprises. Maharashtra, Bihar, Karnataka, and Andhra Pradesh are the top tomato-producing states.

Beans: Beans are easy to grow and need little effort or work. They are produced for profit in Rajasthan, Gujarat, and Punjab, where they thrive even during droughts.

Millet: Millet is a heat-tolerant crop that is profitable because it takes minimal water to develop and can thrive even in low-fertility soils.

Custard Apple: Although not indigenous to India, custard apples thrive in many parts of the nation, particularly Maharashtra and Gujarat. It is also a highly profitable crop in dry locations.

Orchids: Because orchids are usually imported, they are pricey flowers. Orchid cultivation is a lucrative farming venture. An acre of orchid farmland is worth approximately 1.25 crore Indian rupees.

Profitable Farming in Hills Soil:

Apple: Apple farming is popular in Kashmir, Himachal Pradesh, and other hilly regions. Apple orchards spaced 20 to 30 feet apart generate between 20,000 and 30,000 apples per acre.

Peaches: Peach fruit is mostly farmed in hilly regions such as Jammu and Kashmir, Meghalaya, Uttarakhand, and Sikkim. Peach growing is a well-known and traditional agribusiness that pays well.

Plums: In many regions of the world, commercial plum growing is a straightforward and profitable enterprise. It is simple to grow a plum tree. These are mostly grown in Jammu and Kashmir, Himachal Pradesh, and the hills of Uttar Pradesh.

Black pepper: With little investment and moderate care, pepper cultivation is one of the most successful businesses in Kerala and Karnataka. As a result, it is in high demand in both the foreign and domestic markets.

Cashew Nut: Nut trees are one of the most profitable crops to grow. Nut trees are relatively easy to cultivate and sell well.

Apricots: Commercial apricot farming in India is fairly restricted. However, because apricot fruits grow best in hills, you can start a profitable apricot farming business in Ladakh and Kashmir.

Strawberry farming: With average returns of Rs. 475,000 per acre, strawberry farming is one of the most successful farming companies. Profit margins are much larger than in most other crops.

Tea Cultivation: If done effectively, tea cultivation is a profitable agricultural industry. India's largest tea-producing regions are Assam, West Bengal, and Kerala.

Cardamom Cultivation: After costs, cardamom growing is a successful farming operation that can make around Rs 90,000 per acre. It is one of the most important cash crops grown in Sikkim and Darjeeling.

Conclusion

Agriculture is still a significant business in India since it is one of the world's major producers, consumers, and exporters of agricultural products. Furthermore, the majority of farming operations are carried out on a large scale. Nonetheless, a well-thought-out plan and vision can help you start a small-scale profitable agricultural business efficiently.