what is the importance of agriculture in Indian economy
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HERE'S THE ANSWER
Here we detail about the seven important roles of agriculture in Indian economy.
1. Contribution to National Income:
From the very beginning, agriculture is contributing a major portion to our national income. In 1950-51, agriculture and allied activities contributed about 59 per cent of the total national income.
Although the share of agriculture has been declining gradually with the growth of other sectors but the share still remained very high as compared to that of the developed countries of the world.
2. Source of Livelihood:
In India over two-thirds of our working population are engaged directly on agriculture and also similarly depend for their livelihood.
3.Role of Agriculture for Industrial Development:
Agriculture in India has been the major source of supply of raw materials to various important industries of our country. Cotton and jute textiles, sugar, vanaspati, edible oil plantation industries (viz. tea, coffee, rubber) and agro-based cottage industries are also regularly collecting their raw materials directly from agriculture.
About 50 per cent of income generated in the manufacturing sector comes from all these agro-based industries in India.
4.Role of Agriculture in Economic Planning:
The prospect of planning in India also depends much on agricultural sector. A good crop always provides impetus towards a planned economic development of the country by creating a better business climate for the transport system, manufacturing industries, internal trade etc.
A good crop also brings a good amount of finance to the Government for meeting its planned expenditure. Similarly, a bad crop lead to a total depression in business of the country, which ultimately lead to a failure of economic planning.
HERE'S THE ANSWER
Here we detail about the seven important roles of agriculture in Indian economy.
1. Contribution to National Income:
From the very beginning, agriculture is contributing a major portion to our national income. In 1950-51, agriculture and allied activities contributed about 59 per cent of the total national income.
Although the share of agriculture has been declining gradually with the growth of other sectors but the share still remained very high as compared to that of the developed countries of the world.
2. Source of Livelihood:
In India over two-thirds of our working population are engaged directly on agriculture and also similarly depend for their livelihood.
3.Role of Agriculture for Industrial Development:
Agriculture in India has been the major source of supply of raw materials to various important industries of our country. Cotton and jute textiles, sugar, vanaspati, edible oil plantation industries (viz. tea, coffee, rubber) and agro-based cottage industries are also regularly collecting their raw materials directly from agriculture.
About 50 per cent of income generated in the manufacturing sector comes from all these agro-based industries in India.
4.Role of Agriculture in Economic Planning:
The prospect of planning in India also depends much on agricultural sector. A good crop always provides impetus towards a planned economic development of the country by creating a better business climate for the transport system, manufacturing industries, internal trade etc.
A good crop also brings a good amount of finance to the Government for meeting its planned expenditure. Similarly, a bad crop lead to a total depression in business of the country, which ultimately lead to a failure of economic planning.
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the agricultural sector plays an important role in India because agricultural contribute 16% of GDP (gross domestic product) India export a large number of agriculture products like fruits and vegetables for aquring food please
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