Question

The declining share of agriculture in gdp is a matter of serious concern in india'.support the statement with any five reasons.

Answer 1

1. If the produce in agriculture reduces, then it means that there is not much work for the rural farmers. There is more unemployment.

2. There are many industries that process crops/foods from agricultural sector. They will be out of business too. So economy goes down.

3. The stock exchange indices also go down. That leads also devaluation of currency.

4. People in the nation go hungry due to lack of sufficient produce.

5. Grains and seeds need to be imported. Hence government and people have to spend money for import and pay extra too.

6. The businesses of banks may also suffer. 

7. That also means self sufficiency suffers. This could to toppling of even governments.

Answer 2

The declining share of agriculture in GDP become a serious concern for India because:

• Reduction of import duties on agricultural product.
• Subsidy on fertilizers has decreased, leading to a rise in cost of production.
• Indian farmers are facing challenge from International competitions.
• Government is reducing investment in agricultural sectors, especially the irrigation sector.
• There are many industries that process crops/ foods from agricultural sector. They will be out of business too. So economy goes down.