Question

Agriculture has been the backbone of Indian economy explain with three reasons

Answer 1

(a) Agriculture is the mainstay of Indian economy because

about 67% of our population depends directly or indirectly on agriculture.

(b) It provides raw materials to the industries.

 (c) India earns

foreign exchange by exporting agricultural products.

(d) It contributes about 29% to the gross domestic product.

 (e) It provides food

to over 1027 million population

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Answer 2

The three reasons are as follows:

• It provides raw materials for the manufacturing industry which enables them to produce goods for consumption within domestic as well as international markets.
• It is the largest employing sector in India, and many rural families depend on agriculture to sustain livelihoods.
• Till 2016-17, it constituted 17.32% of India's GDP. It is worth noting that this share is on a gradual decline as India is in the transition from an agriculture-based economy to a services-based economy.