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Agribusiness
Agriculture is one of the fundamental economic sectors, with an essential role in securing raw materials and basic food for sustaining human life and the operations of manufacturing industries. Apart from being at the base of the global food chain, the sector is of vital importance for economic and social development in a large number of developing countries. Against a background of rapidly growing world population, rising incomes in emerging markets and changing consumption patterns, agriculture’s main tasks are to increase productivity and to ensure steady food supply in a sustainable way that takes into account social, economic and environmental considerations.
Agriculture involves the cultivation of the soil and the harvesting of a variety of crops, fruits, nuts, vegetables and flowers. It also includes the growing and harvesting of forest products, the hunting of animals, livestock breeding, production of livestock products such as milk and eggs, fishing and aquaculture, and related support activities.
The agribusiness sector plays an important role in India's economy, accounting for 16.6% of the country's GDP in FY2023 and 7.6% of total exports in 2022 (calendar year format). The sector employed approximately 43% of the country's total workforce ...
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The agribusiness sector plays an important role in the Philippines' economy, accounting for 9.5% of GDP in 2022 and 22.5% of employment in October 2022. The Philippines occupies leading positions in the global production of rice, pork, poultry meat, ...
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Agriculture is one of the backbones of Indonesia's economy, contributing approximately 13% to the country's gross domestic product (GDP). The sector provides income for 38.7mn people, or the equivalent of 29% of the total workforce in 2022. ...
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In 2022, agriculture, fisheries, and forestry will account for 8.92% of Malaysia's GDP and employ 12.1% of the labor force. Palm oil, rubber, cocoa, and timber products account for roughly half of the output, with tropical fruits and rice also ...
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In 2021, the crop, cattle, hunting, forestry and fisheries sector of Thailand accounted for 8.53% of the country's gross domestic product (GDP). In 2022, the sector accounted for 30.1% of the total employment in Thailand. Thailand is a prominent ...
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