explain the role of agriculture in economic development
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Thus agriculture can make significant contribution to economic development by earning foreign exchange required for importing industrial raw materials and capital goods required for expanding industries. The lack of foreign exchange acts as a great constraint on the growth process.
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Role of agriculture in the global economy Agriculture plays a crucial role in the economy of developing countries, and provides the main source of food, income and employment to their rural populations. ... However, improvements in agriculture and land use are fundamental to achieving food security, poverty alleviation and overall sustainable development.
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