Agriculture in India Is A Massive Market For Industrial Products
- In detail, agriculture helps in enhancing the purchasing power of the rural population. So, the agricultural market now is an active market for industrial products.
- Furthermore, in India, two-thirds of the population lives in rural area.
- After the green revolution, the large farmers in the rural area are able to lead a better lifestyle. …
What is the importance of Agriculture in India?
Commercial Importance: Indian Agriculture is playing a very important role both in the internal and external trade of the country. Agricultural products like tea, coffee, sugar, tobacco, spices, cashew-nuts etc. are the main items of our exports and constitute about 50 per cent of our total exports.
What is the role of Agriculture in economic development?
The role of agriculture in economic development has been exhaustively studied from different viewpoints. It has often been approached from the point of view of the intersectoral transfer of resources, mainly agricultural surplus.
What is the relationship between agriculture and industry?
If, at the same time, industry develops under the impact of agricultural growth, the two sectors become highly interdependent. The industrial sector adds to demand for agricultural goods, and absorbs surplus labour which may raise yield per hectare.
How many people in India are engaged directly on agriculture?
In India over two-thirds of our working population are engaged directly on agriculture and also similarly depend for their livelihood.
What is the role of agriculture in India?
Role of Agriculture for Industrial Development: Agriculture in India has been the major source of supply of raw materials to various important industries of our country. Cotton and jute textiles, sugar, vanaspati, edible oil plantation industries (viz. tea, coffee, rubber) and agro-based cottage industries are also regularly collecting their raw …
What is the importance of Indian agriculture?
5. Commercial Importance: Indian Agriculture is playing a very important role both in the internal and external trade of the country. Agricultural products like tea, coffee, sugar, tobacco, spices, cashew-nuts etc. are the main items of our exports and constitute about 50 per cent of our total exports. Besides manufactured jute, cotton textiles and …
How much of India’s population is agriculture?
In India over two-thirds of our working population are engaged directly on agriculture and also similarly depend for their livelihood. According to an estimate, about 66 per cent of our working population is engaged in agriculture at present in comparison to that of 2 to 3 per cent in U.K. and U.S.A., 6 per cent in France …
What percentage of the national income was agriculture in 1950?
In 1950-51, agriculture and allied activities contributed about 59 per cent of the total national income. Although the share of agriculture has been declining gradually with the growth of other sectors but the share still remained very high as compared to that of the developed countries of the world. For example, the share of agriculture has …
Why is crop important?
A good crop always provides impetus towards a planned economic development of the country by creating a better business climate for the transport system , manufacturing industries , internal trade etc. A good crop also brings a good amount of finance to the Government for meeting its planned expenditure.
How does agriculture help the country?
Further, agriculture is helping the country in earning precious foreign exchange to meet the required import bill of the country. 6. Source of Government Revenue: Agriculture is one of the major sources of revenue to both the Central and State Governments of the country.
What is the main source of food supply?
3. Source of Food Supply: Agriculture is the only major source of food supply as it is providing regular supply of food to such a huge size of population of our country. It has been estimated that about 60 per cent of household consumption is met by agricultural products.
Agriculture Generates Employment
According to the estimation, agriculture is the prime income source of two-thirds of the population in India.
Feeds The Rapidly Growing Population
The Indian population is overgrowing, which is ultimately increasing the demand for food. So, the increase in per capita income is lower if you will compare with the population growth. The need for food is rising. The production of excess food grains can feed the growing population. Besides, food scarcity eliminates in the country.
Agriculture In India Contribution To Capital Formation
Capital formation is essential in developing countries like India. Agriculture is the largest contributing industry in the country. Furthermore, surplus extraction is through agriculture in India.
Agriculture in India Is A Massive Market For Industrial Products
In detail, agriculture helps in enhancing the purchasing power of the rural population. So, the agricultural market now is an active market for industrial products.
It Influences External And Internal Trade
Availability of agricultural land in the country makes many people adopt agriculture as their source of income.
Agriculture In India Provides Raw Material For The Processing Industry
The small, medium, and large food processing industries are emerging in India rapidly. Crops acquire the raw material for those agro-input and food processing industries.
Agriculture in India is an integral part as it is rooted in the Indian culture. Besides, most of the rural population adopt farming as a family tradition. Agriculture helps in increasing the per capita income in the country. It boosts the total economy of the country.
What is the importance of agriculture in India?
Contribution of Agriculture in Indian Economy. Agriculture is the most important sector of Indian economy which employs more than half of the population in country. It is also known as the backbone of economy contributing about 16% of total GDP and 10% of total exports in India’s economy.
What is the agricultural activity of India?
Agricultural activities also comprise of breeding, poultry, raising livestock and aquaculture. It primarily focuses on providing food to peoples, raw materials to industry, …
What are the issues that affect the agricultural sector?
However, agricultural sector suffers from distinct issues such as absence of adequate irrigation facilities, overabundance of labourers, lack of proper storage, complex credit facilities and many more. All these issues act as a hurdle in overall development of agricultural sector of country.
What is the agricultural sector?
Agricultural sector is the significant source of making revenue for both central as well as state government. The government earns a substantial amount of income in the form of land revenue, irrigation charges and distinct taxes charged on the purchased of agricultural machinery by cultivators.
What is the agriculture industry?
Agriculture industry is at present a largest industry in developing nation like India. It promotes development of industrial sector by timely supplying them with the required amount of raw materials. Various other sector of nations like railways, roadways etc. generates a good amount of income via movement of agricultural products.
What is the main source of employment in India?
Agricultural activities serve as the key source of employment opportunities for an Indian economy. It employs around two-third of the Indian population which depends primarily upon agricultural activities for earning their livelihood. At present around 66% of our population is engaged in agriculture which is quite large as compared …
What are the products of agriculture?
Agriculture sector produce a large amount of export products such as tea, sugar, coffee, spices, tobacco, oil, cashew-nuts, jute, cotton textiles and many more.
Importance of Agriculture in the Indian Economy
The importance of the agriculture sector in the Indian economy is given below;
Key objectives of agriculture in the Indian economy
To improve the economic potential of farming by significantly increasing the net income of farmers and to ensure that agricultural growth is measured by the progress made in that income.
Facts about the role of agriculture in the Indian economy
To assess the role and importance of agriculture, it is necessary to assess its role in the development of the economy. Such a contribution can be measured in terms of its share of gross domestic product (GDP), employment, exports, etc.
Role of agriculture in the Indian economy
From the very beginning, agriculture has been contributing a large share to our national income. Agriculture and allied activities contributed about 59% to the total national income.
Commercial importance and industrial development for agriculture in India
Indian agriculture is playing a vital role in the country’s internal and external trade. Agricultural products such as Tea, Coffee, Sugar, Tobacco, Spices, Cashews, etc. are the mainstays of our exports and account for about 50% of our total exports.
Role of Agriculture for Industrial Development
About 50% of the income generated in the manufacturing sector in India comes from all these agro-based industries. Furthermore, agriculture can provide a market for industrial products as an increase in the level of agricultural income can lead to the expansion of the market for industrial products.
Major crop production in India
Horticulture is one of the important sectors of Indian agriculture and it plays an important role in the country’s economy. Many horticultural crops are suitable for almost all agro-climatic zones of the country.
What is the main industry of India?
1. Agriculture not only supplies food to a country’s growing population, it also supplies raw materials to a large number of industries. In truth, most of India’s traditional industries such as sugar, tea, jute, textiles, etc. are agro-based in nature.
What is the demand for agriculture?
Agriculture creates demand for basic inputs such as chemical fertilizers, pesticides, etc., but also for capital goods, like tractors, pump sets, etc., and for light consumer goods such as two wheelers, radios, mobiles, TV sets etc., more so after the recent trend towards rural electrification.
What happens to agriculture with transformation?
With transformation of traditional agriculture, there is specialisation which leads to production for exports. If, at the same time, industry develops under the impact of agricultural growth, the two sectors become highly interdependent.
How is capital flow measured in agriculture?
The capital flow from agriculture is measured by the difference between the total sales of agricultural products and total purchases of industrial products. Second, it is squeezed by the deteriorating domestic terms of trade. Third, it is squeezed by the transfer of human capital through migration.
Is agriculture possible without industry?
The truth is that agricultural development is possible without industry but the converse is not true, as industrial development is impossible without agriculture. History amply demonstrates that industrial revolution was preceded by agricultural revolution.