Question

What is the importance of agriculture in Indian economy?

Answer 1

Answer:

a. India is an agricultural country.

b. Nearly two-thirds of its population depends directly on agriculture for its livelihood.

c. Agriculture is the main stay of India’s economy.

d. It accounts for 26% of the gross domestic product.

e. It ensures food security for the country and produces several raw materials for industries.

f. Agricultural development is therefore, a precondition of our national prosperity.

Answer 2

Answer:

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.