Question

Role and importance of agriculture in Indian economy ​

Answer 1

Answer:

Agriculture Sector. Agriculture plays a vital role in the Indian economy. Over 70 per cent of the rural households depend on agriculture. Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population.

Explanation:

Role

1. Share in National Income:

2. Largest Employment Providing Sector:

3. Contribution to Capital formation:

4. Providing Raw Material to industries

5. Market for Industrial Products:

Importance

1. Share in national income

2. Source of employment-

3. Provision of food grains.

4. Supply of raw materials to industrial sector.

5. Market for industrial product.

6. Earner of foreign exchange.