Six issues important for development of agriculture in india
Answers
Agriculture is an important part of India's economy and at present it is
among the top two farm producers in the world.
This sector provides approximately 52 percent of the total number of jobs available in India and contributes around 18.1 percent to the GDP.
Agriculture is the only means of living for almost two-thirds of the employed class in India. As being stated by the economic data of financial year 2006-07, agriculture has acquired 18 percent of India's GDP. The agriculture sector of India has occupied almost 43percent of India's geographical
area.
✔Some salient facts about Agricultural scenario
1. Agriculture is the largest provider of livelihood in rural India
2. It contributes 25 percent to India’s GDP
3. It is still dependent primarily on the monsoons
4. The growth in agricultural production has been stagnant for the past several years.
5. The drought in north and western parts in FY09 created shortages in supply of food grains.
✔Role of agriculture in Indian economy
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 in International Trade:
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.
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