has agricultural contributed to the national income and Employment explain
Answers
Agricultural sector plays a strategic role in the process of economic development of a country.
It has already made a significant contribution to the economic prosperity of advanced countries and its role in the economic development of less developed countries is of vital importance.
agriculture makes its contribution to economic development in several ways, viz.,:
(1) By providing food and raw material to non-agricultural sectors of the economy,
(2) By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus,
(3) By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector,
(4) By earning valuable foreign exchange through the export of agricultural products,
(5) Providing employment to a vast army of uneducated, backward and unskilled labour. As a matter of fact, if the process of economic development is to be initiated and made self-sustaining, it must begin for agricultural sector
Agriculture is the basis of the Indian economy. Since the ancient times, the economic basis of India has remained agriculture. It provides employment and livelihood to a large population of India. The declin-ing status of agriculture in the GDP is a subject of great concern as any deterioration and stagnation in agriculture will directly lead to a decline in other sectors of the economy. This will directly affect the employment opportunity of people. Therefore, considering the significance of agriculture in India, the government of India has set up various institutes to invent modern techniques to increase agricultural production.