Why is the Indian economy called 'agrarian economy'?
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Agriculture plays a vital role in the Indian economy.Over 70% of the rural households dependents on agriculture.Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and providee employment to over 60% of the population.
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India is agrarian country because almost 55% of it's population depends on the agriculture & it's related activities for their livelihoods. In no other developing country, such a large number of people depends on the agriculture. ... But contribution to the GDP From the agriculture is around 15% only.
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