Why is agriculture important for Indian economy give reason?
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.
Why is agriculture important for Indian economy write three points?
Role of Agriculture for Industrial Development: Agriculture in India has been the major source of supply of raw materials to various important industries of our country. Cotton and jute textiles, sugar, vanaspati, edible oil plantation industries (viz.
What are 3 major reasons agriculture is important?
Agriculture provides food, clothing, and shelter. It helps people to enjoy a higher quality of life.
What are the five reasons why agriculture are important?
10 Reasons Why Agriculture Is Important
- #1. It’s the main source of raw materials. …
- #2. It’s important to international trade. …
- #3. It plays a big role in a nation’s revenue. …
- #4. It provides employment. …
- #5. It’s crucial to a country’s development. …
- #6. It can help heal the environment. …
- #7. It goes hand-in-hand with war. …
What is the importance of agriculture in our economy?
One of the central goals of every developing country is to reach high-income status. Agriculture plays a critical role in transforming economies to reach the goal, along with achieving other essential development goals like ensuring food security and improving nutrition.
What are the economic importance of agriculture?
Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth. In general, one can say that when a large fraction of a country’s population depends on agriculture for its livelihood, average incomes are low.
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.
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.
What is the importance of agriculture in Indian economy mention any five points?
(2)It provide food, raw material for industries and some product for export. (3)it accounts for about 25% of the gross domestic product. (4)Nearly two-thirds of its population depends directly on agriculture for its livelihood. (5)Agriculture is the main stay of India’s economy.
What are the 4 branches of agriculture?
There exist four main branches of agriculture, namely;
- Livestock production.
- Crop production.
- agricultural economics.
- agricultural engineering.
What is agriculture and the importance of agriculture?
Agriculture is generally defined as the art or science of cultivating the soil for the production of crops and animal husbandry for human consumption. Agriculture to man is as important as life and as ancient as civilization.