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Question

Agriculture is the backbone of Indian economy. How?

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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.

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