Mention two ways in which the agro based industries have affected the economy of india
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The combination of slower growth and high inflation has been a frequent occurrence in drought years, leading to a decline in farm output and high prices. Non-farm output suffered, as farm sector-induced inflation led to other disruptions. Now, non-farm output growth is decelerating and the price rise is yet to abate. How would this affect the farm sector? The farm sector is more vulnerable to shocks of output on the supply side, but now the demand side shocks are becoming less rare than earlier.
It is rainfall and expected prices of output at the time of sowing and input prices paid that generally determine the outlook for farm output in any given season. The introduction of new varieties and investment in irrigation and so on are also important, but the process of production is not really affected by other factors such as industrial growth
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It is rainfall and expected prices of output at the time of sowing and input prices paid that generally determine the outlook for farm output in any given season. The introduction of new varieties and investment in irrigation and so on are also important, but the process of production is not really affected by other factors such as industrial growth
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Answer:
agro based industries are very developed that they provide great employment
earn foreign exchange by exporting
India became self sufficient
balanced the exports with imports
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