Why is agriculture important for Indian economy give three reasons?

Answer: agriculture is an important sector of indian economy as it contribute about 17% to the total GDP and provides employment to over 60% of population. Agriculture is the only major source of food supply as it is providing regular supply food to such a huge size of population of our country.

Why agriculture is important for Indian economy?

Agriculture is a very important sector of the Indian economy. It is because it provides employment to roughly half of India’s workforce and contributes to 17% of India’s GDP. Since independence, a lot of changes have been observed in the sector. Post-independence India was dependent on imports of agricultural produce.

Why is agriculture important for Indian economy give any two reasons Class 10?

Agriculture is India’s main source of income. It accounts for a quarter of the country’s gross domestic product (GDP). It ensures the country’s food security and produces a variety of industrial raw materials. As a result, agricultural development is a must for our country’s prosperity.

Why agriculture is important in economy?

Agriculture is key for economic transformation, food security, and nutrition. … Agriculture plays a critical role in transforming economies to reach the goal, along with achieving other essential development goals like ensuring food security and improving nutrition.

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What is the importance of agriculture in Indian economy mention any five points?

(2)It provide food, raw material for industries and some product for export. (3)it accounts for about 25% of the gross domestic product. (4)Nearly two-thirds of its population depends directly on agriculture for its livelihood. (5)Agriculture is the main stay of India’s economy.

What is the importance of Indian economy?

3.3 India’s economy has been described as ‘huge, complex and growing’. to World Bank calculations based on purchasing power parity (PPP), India was rated as the world’s fifth largest economy in 1994 and it is expected to be the fourth largest economy in the world by about 2020, behind China, United States and Japan.

What is agriculture in Indian economy?

Agriculture is the most important sector of Indian Economy. Indian agriculture sector accounts for 18 per cent of India’s gross domestic product (GDP) and provides employment to 50% of the countries workforce. India is the world’s largest producer of pulses, rice, wheat, spices and spice products.

What is the two importance of agriculture?

#1. It’s the main source of raw materials

Many raw materials, whether it’s cotton, sugar, wood, or palm oil, come from agriculture. These materials are essential to major industries in ways many people aren’t even aware of, such as the manufacturing of pharmaceuticals, diesel fuel, plastic, and more.

What is the importance of agriculture?

Agriculture provides most of the world’s food and fabrics. Cotton, wool, and leather are all agricultural products. Agriculture also provides wood for construction and paper products. These products, as well as the agricultural methods used, may vary from one part of the world to another.

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What is agriculture list any three features of Indian agriculture?

(i) Indian Agriculture is mainly of intensive subsistence type.

  • (ii) It is mainly practised in areas of high population pressure on land.
  • (iii) It is labour intensive farming where high doses of biochemical inputs and irrigation are used for obtaining high yields.

Why is agriculture important in a country?

Agriculture plays a critical role in the entire life of a given economy. Agriculture is the backbone of the economic system of a given country. In addition to providing food and raw material, agriculture also provides employment opportunities to a very large percentage of the population.