Agriculture accounts for 13% of the GDP and about 50% of the workforce. The economic
contribution of agriculture to India’s GDP is steadily declining with the country’s broad-based economic
growth. Still, agriculture is demographically the broadest economic sector and plays a significant role
in the overall socio-economic fabric of India. We are the 7th largest agricultural exporter worldwide
and rank 2nd globally in the farm output. Most of its agriculture exports serve the developing and least
developed nations. Indian agricultural/horticultural and processed foods are exported to more than 120
countries, primarily the Middle East, Southeast Asia, SAARC countries, the EU and the United States.
Insurance brings peace of mind to the farmer. The insured faces less downside risk on
their income, which means they are more likely to make better cropping decisions rather than try to cut
corners. Above all, knowing that they are protected against catastrophic risk, the insured may tend to
enjoy life more as their financial stress is significantly reduced. Agriculture Insurance provides risk
mitigation for these unforeseen losses.
Some of the risks that needs to be covered include
WMG helps in minimizing the uncertainties and essentially provides customized plans
to cover various risks
you are exposed to. Over the years, our emphasis has been about maintaining farm income.