What is the importance of agriculture in Indian economy?

1.	What is the importance of agriculture in Indian economy?
Answer» (i) Agriculture is the mainstay of Indian economy because about 67% of our population depends directly or indirectly on agriculture. (ii) It provides raw materials to the industries. (iii) India earns foreign exchange by exporting agricultural products. (iv) It contributes about 29% to the gross domestic product. (v) It provides food to over 1,027 million population.

Answer»

(i) Agriculture is the mainstay of Indian economy because about 67% of our population depends directly or indirectly on agriculture.

(ii) It provides raw materials to the industries.

(iii) India earns foreign exchange by exporting agricultural products.

(iv) It contributes about 29% to the gross domestic product.

(v) It provides food to over 1,027 million population.

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