"Agriculture had been the backbone of the Indian economy. But the declining share of agriculture in the GDP now is a matter of serious concern. " Explain the meaning of this statement.
Answers
Answer:
The crops grown include cotton, coffee, tea, cocoa, sugar cane, sisal, oil seeds, oil palms, rubber trees, and fruits. Protectionist policies and natural comparative advantage have sometimes contributed to determining where plantations were located.
1. In India about 63℅ individuals were occupied with horticulture division in 2001.
2. Offer GDP was more than 40℅ in 1973.
3. Crude materials for auxiliary segments are generally provided by agribusiness.
Yet, presently the portion of farming is declining in the GDP step by step. So it is matter of genuine worry for all.
4. Portion of horticulture in the GDP has declined from 44℅ to 24℅ during 1973 to 2003.
5. The essential area keeps on being biggest boss even in 2000 yet the creation has not expanded by this rate.