Question

Importance of livestock in indian economy

Answer 1

Livestock plays an important role in Indian economy. About 20.5 million people depend upon livestock for their livelihood. Livestock contributed 16% to the income of small farm households as against an average of 14% for all rural households. Livestock provides livelihood to two-third of rural community. It also provides employment to about 8.8 % of the population in India. India has vast livestock resources. Livestock sector contributes 4.11% GDP and 25.6% of total Agriculture GDP.

Answer 2

Livestock and Indian economy. The value output contribution from Indian Livestock sector to the GDP of the country was about 40.6% of total contribution from Agriculture and allied sector. ... Livestock plays an important role in the socio- economic life of India...............

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