Importance of agriculture in the indian economy
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Agriculture holds major importance in Indian economy. It has direct linkage to every sector. In case there is low agriculture commercial vehicles sell will be lower which will affect vehicle financing and insurance companies. So these will have direct impact on their spending so cash flow will be reduced.
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a. India is an agricultural country.
b. Nearly two-thirds of its population depends directly on agriculture for its livelihood.
c. Agriculture is the main stay of India’s economy.
d. It accounts for 26% of the gross domestic product.
e. It ensures food security for the country and produces several raw materials for industries.
f. Agricultural development is therefore, a precondition of our national prosperity.
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