What Is Agriculture Why Is It Important For The Indian Economy
What Is Agriculture Why Is It Important For The Indian Economy, Indeed recently has been hunted by consumers around us, perhaps one of you personally. People now are accustomed to using the internet in gadgets to view video and image information for inspiration, and according to the name of this article I will discuss about
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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.
Agriculture department bihar job. Agriculture is an important source of livelihood in most parts of the world. Before the industrial revolution agriculture was the primary source of economy. Agriculture was the primary source of the economy prior to the industrial revolution.
The market value is further projected to reach us 128 billion by 2023 exhibiting a cagr of 703 per cent during 2018. Agricultural influence on national income. 2being the primary sector it is a major source of raw material fodder for vast segment of important industries in the indian economy and surely to say is the backbone of the indian economy.
3it ensures food security for the country by guranteeing availability of food grains in the country. It accounts for 26 of the gross domestic product. Importance of agriculture in indian economy.
Though the share of agriculture in national income has come down still it has a substantial share in gdp. Nearly two thirds of its population depends directly on agriculture for its livelihood. 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.
This question seems to have been asked by some people who do not know the miseries in farm sector. This can be measured and gauged by the following facts and figures. The indian agricultural implements market was worth us 85 billion in 2017.
India is an agricultural country. The farmers in india are the unique group which provide food to the people of the entire country and help the country in earning foreign exchange re. Agriculture is the main stay of indias economy.
In most parts of the world agriculture is an important source of livelihood. This entails hard work but it contributes to the nations food safety and health. It ensures food security for the country and produces several raw materials for industries.
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