What is the importance of agriculture in Indian economy give any three points?

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.

What is the importance of agriculture in Indian Economy 3?

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. Indian agriculture has registered impressive growth over last few decades.

What is the importance of agriculture in Indian Economy Class 10 in points?

It ensures food security for the country and produces several raw materials for industries. f. Agricultural development is therefore, a precondition of our national prosperity. You can also download NCERT Solutions Class 10 to help you to revise complete syllabus and score more marks in your examinations.

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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 are 3 major reasons agriculture is important?

Agriculture provides food, clothing, and shelter. It helps people to enjoy a higher quality of life.

What is the importance of agriculture in the economy?

One of the central goals of every developing country is to reach high-income status. 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.

What is the importance of agriculture in economic development?

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.

What is the importance of agriculture class 10th?

Agriculture is a primary activity and produces most of the food and foodgrains that we consume. It produces raw materials for our various industries, e.g., cotton textile and sugar industry. Some agricultural products, like tea, coffee and spices, are exported and earn foreign exchange.

What is the importance of agriculture in an economy class 8?

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.

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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 the importance of agriculture essay?

It provides benefits on a basic level, and economic level, and a development level. It helps every country in the world in one way or another and provides countless benefits and luxuries that people are lucky to have access to.