Why is the declining share of agriculture in the GDP a matter of serious concern? Explain
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some top reasons my friend
1. If the produce in agriculture reduces, then it means that there is not much work for the rural farmers. There is more unemployment.
2. There are many industries that process crops/foods from agricultural sector. They will be out of business too. So economy goes down.
3. The stock exchange indices also go down. That leads also devaluation of currency.
4. People in the nation go hungry due to lack of sufficient produce.
5. Grains and seeds need to be imported. Hence government and people have to spend money for import and pay extra too.
1. If the produce in agriculture reduces, then it means that there is not much work for the rural farmers. There is more unemployment.
2. There are many industries that process crops/foods from agricultural sector. They will be out of business too. So economy goes down.
3. The stock exchange indices also go down. That leads also devaluation of currency.
4. People in the nation go hungry due to lack of sufficient produce.
5. Grains and seeds need to be imported. Hence government and people have to spend money for import and pay extra too.
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