(This Paper was submitted to the National Seminar on “Agrarian Crisis in Rural India: Issues and Challenges” held on 14-15, Feb.2017, Ujjain, Madya Pradesh, India) -* Dr. S. Vijay Kumar India is considered as one of the fastest growing economies in the world . Agriculture is the mother of any economy, whether it is rich or poor. Much of its influence is on the other sectors of economy - industry and service. India is the second largest in farm output. Hence, I ndia’s economic security continues to be predicated upon the agriculture sector, and the situation is not likely to change in the near future. Even today, the share of agriculture in employment is about 49% of the population, as against around 75% at the time of independence. In the same period, the contribution of agriculture and allied sector to the Gross Domestic Product (GDP) has fallen from 61% to 17% in 2015-16. Around 51% of India’s geographical area is already under cultivation as compared to 11%