briefly describe the nature of linkages of the industrial sector with agriculture and services sector in India 500words anwer
Answers
Answer:
Agricultural growth and industrial growth are complementary, and per se,
interdependent.
We can discuss this complementarity and linkage iu two parts.
8 Agriculture's contribution to the industrial growth.
8 Industry's contribution to the growth of the agricultural sector.
2.3.1 Agriculture's Contribution to the Industrial ~rowth'
Simon Kuznets identifies four possible types ofcontribution that the agricultural
sector is capable ofmaking to overall economic development. These are as follows:
i) Product contribution, i.e. making available food and raw materials,
ii) Marl .* contribution, i.e. providing the market for producer goods and
consuliier goods in the non-agriculhlral sector,
a) Food supply'and Industrialisation L
Industrialisation is characterised by a substantial increase in the demand for agricultural
products, and failure to expand food supplies can seriously restrict growth.
b) Inputs for Industry
Two essential inputs required for industries may be procured only hm the agricultural
sector. These are: (i) raw materials and (ii) labour.
c) Source of Capital Formation
The lion's share of national income in a developing economy is generated in the agricultural sector. If agriculture is well developed it can make a net contribution to capital formation in the industrial sector.
hope this helps you
Explanation:
Answer:
briefly describe the nature of linkages of the industrial sector with agriculture and services sector in India