Economy, asked by standalone2252, 1 year ago

Discuss the role of agriculture in promoting in indian economy

Answers

Answered by GunnTeotia
2
Agriculture is an important part of India's economy and at present it is
among the top two farm producers in the world. This sector provides
approximately 52 percent of the total number of jobs available in India and contributes around 18.1 percent to the GDP. Agriculture is the only means of living for almost two-thirds of the employed class in India. As being stated by the economic data of financial year 2006-07, agriculture has acquired 18 percent of India's GDP. The agriculture sector of India has occupied almost 43percent of India's geographical area.

Agriculture plays a vital role in the Indian economy. Over 70 per cent of the rural
households depend on agriculture. Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to
over 60% of the population. Indian agriculture has registered impressive growth over
last few decades. The food grain production has increased from 51 million tonnes (MT) in 1950-51 to 250MT during 2011-12 highest ever since independence.

Role of agriculture in Indian economy
1. Share in National Income.
2. Largest Employment Providing Sector.
3. Contribution to Capital formation.
4. Providing Raw Material to industries .
5. Market for Industrial Products.
Similar questions