Economy, asked by roshni3136, 1 year ago

Structure of indian agriculture and economic development

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Answered by bably66
0

Agriculture in Indian Economy

Indian is an agriculture based country, where more than 50% of population is depend on agriculture. This structures the main source of income. The commitment of agribusiness in the national income in India is all the more, subsequently, it is said that agriculture in India is a backbone for Indian Economy. The contribution of agriculture in the initial two decades towards the total national output is between 48% and 60%. In the year 2001-2002, this contribution declined to just around 26%. The aggregate Share of Agriculture and Allied Sectors, Including agribusiness, domesticated animals, and ranger service and fishery sub segments as far as rate of GDP is 13.9 percent during 2013- 14 at 2004-05 prices. Agricultural exports constitute a fifth of the total exports of the country. In perspective of the overwhelming position of the Agricultural Sector, gathering and support of Agricultural Statistics expect incredible significance.

According to the fourth Advance Estimates of Production of food grains for 2013-14, aggregate food grain production is assessed to be 264.77 million tons (MT).

Export of spices from India are relied upon to reach US$ 3 billion by 2016-17, on the back of imaginative promoting strategies, inventive bundling, quality in quality and an in number appropriation system. The Indian flavors business is pegged at Rs 40,000 crore (US$ 6.42 billion) every year, of which the marked portion represents 15% .

The National Food Security Mission (NFSM) was launched from Rabi, 2007-08. The fundamental targets of the National Food Security Mission (NFSM) is to expand production of rice, wheat, pulses and coarse cereals through region extension and efficiency upgrade in a supportable way in the recognized locale of the nation; restoring soil ripeness and profitability at the individual ranch level; and improving farm level economy (i.e. ranch benefits) to restore confidence amongst the farmers. The Mission met with a staggering achievement and accomplished the focused on extra generation of rice, wheat and heartbeats. The Mission is being kept amid Twelfth Five Year Plan with new focuses of extra generation of sustenance grains of 25 million tons including 10 million tons of rice, 8 million tons of wheat, 4 million tons of pulses and 3 million tons of coarse cereals by the end of twelfth five year plan .

Answered by qwbayern
0

The structure of Indian agriculture and economic developments are given below.

  • It is always a strong agricultural economy that can be considered the backbone of a developing economy.
  • Agricultural development will bring more employment opportunities and income and also it will rise the productivity of the country.
  • The trend is changing to the path of producing more agricultural commodities due to the high demand for staple food and processed food in developing countries. india is a developing country, this is also the trend followed by India.
  • The agriculture sector in India provides daily food for almost 135 crore people in total. which itself shows the importance of the agricultural sector. Which helps to solve the issue of hunger.
  • Also, the statistics say that almost 71% of rural household is completely dependent on the agricultural sector. Which gives employment opportunities to unskilled people
  • And provides employment opportunities for almost more than half a percentage of the total population.
  • India tops in the production and trade of materials like pulses, rice, spices, etc.
  • The agriculture sector also contributes almost 17% to the total GDP of the country.
  • In terms of export earnings, almost 12% is from the agricultural sector.
  • The farm sector of India is the largest industry.
  • The five-year plans which were in operation in the initial period also added help for the improvement of the agricultural sector in  India.
  • It is sure that the agricultural sector will always have its own importance in the coming future also.
  • A nation can't be economically developed without the presence of agricultural development whatever kind of development it made in other sectors.

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