Agriculture In Indian Economy

Indian agriculture is a diverse and extensive sector involving a large number of stakeholders.

Ts eamcet jntu helpline number. Though the share of agriculture in national income has come down still it has a substantial share in gdp. Importance of agriculture in indian economy. Agriculture as the backbone of the indian economy plays the most crucial role in the socio economic sphere of the country.

According to latest report agriculture is primary source of livelihood for 58 population in india. India ranks second worldwide in farm outputs. Agriculture has got a prime role in indian economy.

Importance of agriculture in indian economy. Thus from the foregoing analysis it is observed that agricultural development is the basic precondition of sectoral diversification and development of the economy. Agricultural influence on national income.

In 2016 agriculture and allied sectors like animal. Thus the agricultural sector is playing a very important role in a country like india and the prosperity of the indian economy still largely depends on agricultural sector. Though industry has been playing an important role in indian economy still the contribution of agriculture in the development of indian economy cannot be denied.

The contributory share of agriculture in gross domestic product was 554 percent in 1950 51 52 percent in 1960 61 and is reduced to 185 percent only at present. It has been one of the remarkable success stories of the post.