Question

"Agriculture had been the backbone of the Indian economy" "but the decline of Agriculture in GDP IS NOW MATTER OF SERIOUS CONCERN" EXPLAIN THE MEANING OF THIS STATEMENT.

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Answer 1

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Agriculture is the backbone of the Indian economy because : (i) In India, about 63% people were engaged in agriculturesector in 2001. (ii) Share in GDP wasmore than 40% in 1973. (iii) Raw materials for secondary sectors are mostlysupplied by agriculture. But now, the share of agriculture is declining in theGDP year by year. So, it is a matter of serious concern for all. (iv) Share ofagriculture in the GDP has declined from 44% to 24% during 1973 to 2003. (v) The primary sector continues to be the largest employereven in 2000 but the production has not increased by this rather.

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