Importance of agriculture to the Indian economy. In India: Agriculture remains the chief source of livelihood for nearly 55% of India’s population and contributes around 18% to the country’s GDP (2024–25, at current prices). The sector’s Gross Value Added (GVA) Read More …
Tag: crop insurance
Risk Landscape in Crop Insurance in India: Emerging Challenges and the Way Forward
Parametric Insurance Gains Traction in Farming as Efficient Risk Management Tool
As climate change heightens agricultural risks, the farming sector is increasingly turning to parametric insurance for faster and more efficient risk mitigation. Unlike traditional indemnity-based models that require physical loss assessment, parametric insurance triggers payouts based on predefined parameters such Read More …