Table of Contents
- 1 Why agriculture is the base of Indian economy?
- 2 How does agriculture contribute to the GDP?
- 3 Why is agriculture important to the economy?
- 4 Why do you attach so much importance to agriculture in present Indian economy class 12?
- 5 What is the total value of agriculture exports from India?
- 6 Why is the development of various industries entirely dependent on agriculture?
Why agriculture is the base of Indian economy?
Agriculture plays a vital role in the Indian economy. Over 70 per cent of the rural households depend on agriculture. 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.
How does agriculture contribute to the GDP?
Gross domestic product (GDP) distribution across economic sectors South Africa 2020. In 2020, agriculture had contributed around 2.4 percent to the GDP of South Africa, whereas industry and services had contributed 25.2 and 61.45 percent of the total value added, respectively.
Why is agriculture important for economy?
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.
Why is India called an agricultural country give 5 reasons?
India is mainly an agriculture country. agriculture is the process of utilizing land for growing different varieties of crops. about 60\% to 70\% of India’s population depends upon agriculture for their livelihood. net sown area still accounts for about 46\% of the total cultivated area of india.
Why is agriculture important to the economy?
That puts agriculture’s contribution to the overall economy at about 6 percent. According to one study, members of the food and agriculture industries and their employees pay almost $900 billion in federal, state and local taxes, helping to support their communities and our nation.
Why do you attach so much importance to agriculture in present Indian economy class 12?
Agriculture makes provision for food for the ever increasing population: Due to the excessive pressure of population labour surplus economies like India and rapid increase in the demand for food, food production increases at a fast rate.
What is the role of Agriculture in the Indian economy?
Agriculture sector has a pivotal role in Indian economy ,Agriculture sector a must for GDP growth in India and also Agriculture provides the principal means of livelihood for over 60 percent of India’s population.
How can India achieve the ambitious goal of doubling farm income?
India is expected to achieve the ambitious goal of doubling farm income by 2022. The agriculture sector in India is expected to generate better momentum in the next few years due to increased investments in agricultural infrastructure such as irrigation facilities, warehousing and cold storage.
What is the total value of agriculture exports from India?
Total agricultural exports from India grew at a CAGR of 16.45 per cent over FY10-18 to reach US$ 38.21 billion in FY18. In FY2019 agriculture exports were US$ 38.54 billion. India is also the largest producer, consumer and exporter of spices and spice products.
Why is the development of various industries entirely dependent on agriculture?
Supply of raw material to agro-based industries: 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.