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Question

Agriculture is the backbone of Indian economy. How?


Solution

Agriculture is the considered as the main occupation of majority of people in India.
It has helped the India economy in the following ways:
  • provides food and fodder.
  • distribution of wealth.
  • helps internal trade.
  • source of Foreign Exchange.
  • source of our national income.
  • requires less capital.
  • helps in the development of tertiary sector.
  • accumulation of National Capital.
  • provides raw materials for industries.

Economics

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