Why is agriculture mainstay of Indian economy?

Agriculture is the mainstay of the Indian economy because of its high share in employment and livelihood creation. It is also an important source of raw material and demand for many industrial products, particularly fertilizers, pesticides, agricultural implements and a variety of consumer goods.

Why agriculture is called mainstay of Indian economy?

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.

Why agriculture is the backbone of Indian economy class 10?

The main features of Indian agriculture are : … (i) Agricultural output depends largely on rainfall and other natural factors like floods,droughts, storms, etc. (ii) The historical, social and cultural background of state affects agricultural output.

Why agriculture is backbone of our country?

Agriculture is considered as a backbone of our country because from the last few decades India has been very successful in the economy of agriculture. … Agriculture supplies bulk of wage goods required by the non-agriculture sector. It provides raw materials for a large section of industries.

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What is agriculture called in Indian economy?

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Being the primary sector, it is a major source of raw material, fodder for vast segment of important industries in the Indian economy and surely to say is the backbone of the Indian economy.

Which sector is the backbone of Indian economy class 10?

The MSME sector is and regarded as the backbone of the Indian economy.

Is agriculture backbone of Indian economy?

Agriculture is the backbone of Indian economy as roughly 70-75% of the population depends directly or indirectly on agriculture. The Indian economic growth is directly proportional to the agriculture industry growth.

Is backbone of our country?

As we celebrate Independence Day and commemorate the Declaration of Independence of the United States, let’s salute the backbone of our nation – the American Farmer. … Americans feed their families with the safest, healthiest, and most affordable food in the world.

What are the major problems of Indian agriculture?

Problems With Indian Agriculture

  • Rural- Urban Divide. …
  • Lack of Investment in Agriculture. …
  • Lack of Effective Policies. …
  • Negligence of Natural resources. …
  • Impact of Demonetization. …
  • Excessive Interventions on Prices. …
  • Irrigation Facilities. …
  • Sluggish Fertilizer Industry.
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