How does agriculture play an important role in economic development of India and Wdoes agricultural activities contribute to?
Agriculture is the most significant source of income for the central and state governments. The government of the country has substantial revenue from rising land revenue. Also, the movement of agricultural goods helps generate revenue for the Indian railways, which helps the government in revenue generation. This can be achieved in many ways such as increasing the cropped area, the number of crops grown, improving irrigation facilities, use of fertilizers and high yielding variety of seeds. Mechanisation of agriculture is also another aspect of agricultural development. The agriculture sector in India remains the backbone of its society, employing ~58% of the population. With only 4% of the world's water resources and 2.4% of the world's land, India supports 17.8% of the world's population and 15% of the livestock population. Agriculture comes under the primary sector of economic activity. The primary sector includes the production and extraction of raw materials. The other activities which are related to this sector are mining, forestry, grazing, farming, hunting, fishing, quarrying, and gathering. Agriculture ensures the country's food security and produces a variety of industrial raw materials and agricultural development is a must for our country's prosperity. Agriculture, along with its related industries, is India's most important source of income.
Agriculture 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. Agriculture, along with its related industries, is India's most important source of income. 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. Agriculture ensures the country's food security and produces a variety of industrial raw materials and agricultural development is a must for our country's prosperity. Agriculture, along with its related industries, is India's most important source of income. Agriculture is the most significant source of income for the central and state governments. The government of the country has substantial revenue from rising land revenue. Also, the movement of agricultural goods helps generate revenue for the Indian railways, which helps the government in revenue generation. Since agriculture happens be the largest industry in developing country like India, it can and must play an important role in pushing up the rate of capital formation. If it fails to do so, the whole process economic development will suffer a setback. Expansion in the agriculture sector also led to the expansion of the industrial sector. When agriculturalists have savings, they can buy consumer goods, invest in industries too. This results in an indirect expansion of the industrial sector.
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