Explain the role of agriculture in …

Agriculture plays a critical role in the entire life of a global economy. Agriculture is the backbone of the economic system of a any country. In addition to providing food and raw material, agriculture also provides employment opportunities to very large percentage of the Population. Economic Development- Since agriculture employs many people it contributes to economic development. As a result, the national income level as well as people’s standard of living is improved. The fast rate of development in agriculture sector offers progressive outlook as well as increased motivation for development. Hence, it aids to create good atmosphere for overall economic development of a country. Therefore, economic development relies on the agricultural growth rate.

Agriculture is an important part of India's economy and at present it is among the top two farm producers in the world. This sector provides approximately 52 percent of the total number of jobs available in India and contributes around 18.1 percent to the GDP. Agriculture is the only means of living for almost two-thirds of the employed class in India. As being stated by the economic data of financial year 2006-07, agriculture has acquired 18 percent of India's GDP. The agriculture sector of India has occupied almost 43percent of India's geographical area. Keywords: GDP. Agriculture Sector. Agriculture plays a vital role in the Indian economy. Over 70 per cent of the rural households depend on agriculture. Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population. Indian agriculture has registered impressive growth over last few decades. The food grain production has increased from 51 million tonnes (MT) in 1950-51 to 250MT during 2011-12 highest ever since independence.Role of agriculture in Indian economy 1. Share in National Income: 2. Largest Employment Providing Sector: 3. Contribution to Capital formation: 4. Providing Raw Material to industries 5. Market for Industrial Products