Why are argo-based industry considered significant in India???
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Agro-based industries are considered significant in india because india is an agricultural country and 60% of its economy depends on agriculture
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It occupies unique position in the Indian economy, because it contributes significantly to industrial production (14 per cent), employment generation (35 million persons directly – the second largest after agriculture) and foreign exchange earnings (about 24.6 per cent). It contributes 4 per cent towards GDP. It is the only industry in the country, which is self-reliant and complete in the value chain i.e., from raw material to the highest value added products.
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