who consider agriculture as the pillar prosperity?
Answers
Answer:
To rule the roost, India needs to strengthen its roots!
It is high time for our country to revive the culture of agriculture as it plays a critical role in taking nation’s economy to new heights. For long, India has been an agrarian country and prosperity of agriculture has direct impact on its overall Gross Domestic Product. Unfortunately, the economic contribution of agriculture to India’s GDP is declining steeply in the backdrop of the country’s broad-based economic growth across a wide range of sectors which in parallel are trying to register lucrative outputs.
A complete overhaul in the agriculture sector becomes even more crucial as over 58% of the rural households depend on agriculture as their principal means of livelihood. Going by the latest report of India Brand Equity Foundation (IBEF), the share of Primary Sector including agriculture, livestock, forestry and fishery is estimated to be 20.4% of the Gross Value Added (GVA) during 2016-17 which is estimated to have grown at 3% in FY 2017-18.