Why is India called agricultural country?
Answers
2/3 of India's population is still dependent on agriculture. It is based on the following facts:
Fact 1: The share of agribusiness in India's GDP has consistently declined since 1950, which used to be minimal more than 52% and now stands near 16– 17%. In examination the % of other two divisions in GDP ( Industry and Services) now stands near 20+% and 55+% individually.
In 1950, the GDP of India was around 40 Bn USD which came to about 900 Bn USD in 2015. Thus, Agricultural sectors expanded from 20.5 Bn USD to 150+ Bn USD somewhere in the range of 1950 and 2016.
Fact 2: Employment in the agribusiness Sector as Share of aggregate workforce is around half out of around 500 million laborers in India. In 1951,population occupied with agribusiness were around 100 million out of 140 million working populace.
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