Agriculture has been the backbone of Indian economy through its share in the Gross Domestic Product has registered a declining trend from 1951 onwards; yet its share in providing employment and livelihood to the population continues to be as the high as 63% in 2001.
(a)what can be done to increase its GDP
(b)what values does the paragraph exhibit
Answers
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Agriculture is the backbone of the Indian economy because :
(i) In India, about 63% people were engaged in agriculture sector in 2001.
(ii) Share in GDP was more than 40% in 1973.
(iii) Raw materials for secondary sectors are mostly supplied by agriculture. But now, the share of agriculture is declining in the
GDP year by year. So, it is a matter of serious concern for all.
(iv) Share of agriculture in the GDP has declined from 44% to 24% during 1973 to 2003.
(v) The primary sector continues to be the largest employer
even in 2000 but the production has not increased by this rate
(a) More people would have to work in the Agriculture sector for an increase to occur. GDP is the earnings divided by population, therefore either agriculture would have to grow or everything else would have to shrink.
(b) Yes.. Agriculture is the backbone of the Indian economy as it provides good for all the nation , employment opportunities, raw material to industries and so on.
But from last some years the share if it's is declining in GDP because...
- New generations are not interested in the agricultural activities.
- Due to still the scarcity of credit for farmers.
It is a serious concern because agricultural is the basic and most important activity for our nation because the self sufficiency of food grains and dependency of industries for raw materials will be stopped if the declination in agricultural continues...
It will be a great damage for our nation..
Explanation:
economy through its share in the Gross Domestic Product has registered a declining trend from 1951 onwards; yet its share in providing employment and livelihood to the population continues to be as the high as 63% in 2001.
(a)what can be done to increase its GDP
(b)what values does the paragraph exhibit