Question

Indians prosperity depends greatly on agriculture. Explain briefly.

Answer 1

• From the beginning, agriculture is contributing a major part in India’s total income. It has a major share in India’s GDP. Agriculture accounts 17.32% of India’s total GDP at present.
• Agriculture now provides livelihood to 65 to 70 percent of the total population(directly and indirectly).
• We depend on agricultural outputs for our food requirements. India produces a large quantity of food grains such as cereals, pulses, etc.
• Agriculture in India provides raw materials to various important industries of India. Cotton and Jute textiles, sugar, agro-based cotton industries collect their raw material from agriculture. This highlights agriculture is the key to India’s prosperity.
• Indian Agriculture plays an important role both in internal and well as in external trade of the country. Approx. 50 percent of total exports come from agriculture products such as Coffee, tea, spices, cashew nuts, etc.
• Agriculture is good source of revenue too. The government gets substantial income from land revenue.
• It plays a major role in economic planning as a good crop brings a good amount of finance (steady) to the government for meeting its planned expenditure. Similarly, a bad crop can lead to the failure of economic planning. Thus the agriculture sector is the key to India’s prosperity.