Why is agriculture important for Indian economy?

Agriculture has formed the backbone of India’s economy for many decades and remains crucial to providing food security for the country’s growing population. It constitutes a major pillar of India’s economic growth and a significant contributor to its growing exports sector.

Why is agriculture important for economy?

Agriculture plays a crucial role in the economy of developing countries, and provides the main source of food, income and employment to their rural populations. … However, improvements in agriculture and land use are fundamental to achieving food security, poverty alleviation and overall sustainable development.

Why is agriculture important for Indian economy give three reasons?

Answer: agriculture is an important sector of indian economy as it contribute about 17% to the total GDP and provides employment to over 60% of population. Agriculture is the only major source of food supply as it is providing regular supply food to such a huge size of population of our country.

What is the importance of agriculture in Indian economy answer in points?

Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population. Indian agriculture has registered impressive growth over last few decades.

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What is the importance of agriculture in Indian economy Class 10 geography?

It ensures food security for the country and produces several raw materials for industries. f. Agricultural development is therefore, a precondition of our national prosperity. You can also download NCERT Solutions Class 10 to help you to revise complete syllabus and score more marks in your examinations.

What is agriculture in Indian economy?

Agriculture is the most important sector of Indian Economy. Indian agriculture sector accounts for 18 per cent of India’s gross domestic product (GDP) and provides employment to 50% of the countries workforce. India is the world’s largest producer of pulses, rice, wheat, spices and spice products.

How does agriculture impact the economy?

Agriculture, food, and related industries contributed $1.109 trillion to the U.S. gross domestic product (GDP) in 2019, a 5.2-percent share. The output of America’s farms contributed $136.1 billion of this sum—about 0.6 percent of GDP.

What is the importance of Indian economy?

3.3 India’s economy has been described as ‘huge, complex and growing’. to World Bank calculations based on purchasing power parity (PPP), India was rated as the world’s fifth largest economy in 1994 and it is expected to be the fourth largest economy in the world by about 2020, behind China, United States and Japan.

Why the agriculture is important?

For decades, agriculture has been associated with the production of essential food crops. … Agriculture is the backbone of the economic system of a given country. In addition to providing food and raw material, agriculture also provides employment opportunities to a very large percentage of the population.

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What are the importance of agriculture in the Indian economy any 5?

Agriculture supplies raw materials to various agro-based industries like sugar, jute, cotton textile and vanaspati industries. Food processing industries are similarly dependent on agriculture. Therefore the development of these industries entirely is dependent on agriculture.