Redefining the components of agribusiness

Abstract

Agribusiness is a fast emerging industrial sector and becomes a most important sector of Indian economy due to boosting up the economy and taking care of global opportunities of trade. Nowadays, agriculture has achieved commercial importance and status is 
changed from subsistence to commercial farming, import oriented to export oriented, supply driven technology to demand driven technology due to agribusiness sector. Agribusiness is a complex and comprehensive system of industry chain, which is playing 
a vital role in Indian economy. Generally, Agribusiness is difficult to understand due to its elusive and complex nature while understanding the concept, system, structure, and components of agribusiness is essential to understand the whole agribusiness 
environment. Agribusiness is made of various sectors like input sector, production sector, processing sector and marketing service sector, in which the main value-added sector concentrated on the post-production sectors. The agribusiness  is greatly expanding India's agricultural development and providing a possible choice for modernization of Indian agriculture. The present article is a systematic effort to introduce the structure and subsystem of agribusiness along with the different components of agribusiness system.