Question

comment on excessive dependency of Indian economy on agriculture​

Answer 1

Answer:

Hey Buddy here's ur answer

• Agriculture is the most important sector of Indian Economy.

• Indian agriculture sector accounts for 18 per cent of India's gross domestic product (GDP) and provides employment to 50% of the countries workforce.

• India is the world's largest producer of pulses, rice, wheat, spices and spice products.

Answer 2

Answer:

Agriculture is the backbone of the Indian economy. Despite major emphasis on industrial development during the last four decades, agriculture continues to occupy a place of pride in our economy. The importance of agriculture can be brought out from the following facts:

Share in national income

Although the share of agriculture in the total national income has been gradually decreasing on account of the development of the secondary and tertiary sectors, it still contributed about 18 % of nation income in 2006-07.(in 1950-51, it was 59%)

Source of employment

In India, agriculture is the main source of employment. Even in 2004-05, more than 56% of the total labour force of India is engaged in agriculture and depend on it for their livelihood (1950-51: 69.5%). It becomes evident from this fact that other sectors of the economy could not generate enough employment for the growing population.

Provision of foodgrains

In a developing country like India where a very large proportion of income is spent on food and the population is increasing rapidly, the demand for foodgrains has been increasing at a fast rate. Agriculture In India has played an important role in meeting almost the entire food needs of the people. The production of foodgrains in India has increased from 51 million tones in 1950-51 to 208.3 million tones in 2005-06, i.e. by a little more than 4 times since 1950-51. This has enabled the country to overcome the problems of foodgrain shortages. The country is almost self-sufficient in foodgrains and it no longer depends on import of foodgrains.

Supply of raw materials to industrial sector

Agriculture plays an important role in industrial development. Many industries like cotton industry, jute industries, sugar industries, food processing industries, etc. depends on agriculture for their raw material requirements. Moreover, workers engaged in various industries depend on agriculture for their food requirement.