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Importance of agriculture in Indian economy |
Answer» Agriculture is the most important sector of Indian Economy.\xa0Indian agriculture sector accounts for 18 per cent of India\'s gross domestic product (GDP) and provides employment to 50% of the countries workforce.\xa0India is the world’s largest producer of pulses, rice, wheat, spices and spice products.India has emerged as the second largest producer of fruits and vegetables in the world [1]. According to the data provided by Department of Economics and Statics (DES) the production of food grains for the year 2013-2014 is 264 million tons which are increased when compared to (2012-2013) 257million tons. This is a good symptom of the Indian economy from the agriculture sector.\xa0India remains among main three as far as production of different agricultural things like paddy, wheat, pulses, groundnut, rapeseeds, natural products, vegetables, sugarcane, tea, jute, cotton, tobacco leaves and so on.\xa0Indian is an agriculture based country, where more than 50% of the population depends on agriculture. This structures the main source of income.\xa0The commitment of agribusiness in the national income in India is all the more, subsequently, it is said that agriculture in India is a backbone of Indian Economy.The contribution of agriculture in the initial two decades towards the total national output is between 48% and 60%.\xa0\xa0 | |