discuss characteristics of indian agricultural credit market
Answers
Answer:
The history of Agriculture in India dates back to Indus Valley Civilization.[1] India ranks second worldwide in farm outputs. As per 2018, agriculture employed more than 50℅ of the Indian work force and contributed 17–18% to country's GDP.[2] According to latest report, agriculture is primary source of livelihood for 58% population in India[3]
In 2016, agriculture and allied sectors like animal husbandry, forestry and fisheries accounted for 15.4% of the GDP (gross domestic product) with about 31% of the workforce in 2014.[4][5][6] India ranks first in the world with highest net cropped area followed by US and China.[7] The economic contribution of agriculture to India's GDP is steadily declining with the country's broad-based economic growth. Still, agriculture is demographically the broadest economic sector and plays a significant role in the overall socio-economic fabric of India.
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Answer:
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Explanation:
Main Features of Indian Agriculture – Explained!
(i) Source of livelihood:
(ii) Dependence on monsoon:
(iii) Labour intensive cultivation:
(iv) Under employment:
(v) Small size of holdings:
(vi) Traditional methods of production:
(vii) Low Agricultural production:
(viii) Dominance of food crops:
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