Why is agriculture called the backbone of Indian economy?

Why agriculture is called the backbone of India?

Agriculture as the backbone of Indian economy:

It provides employment opportunities. Population dependent on agriculture for sustenance. It provides raw material to Secondary sector. It helps in improving trade. Service sector is also based on agriculture.

Why is agriculture the backbone of Indian economy class 10?

Answer: Agriculture is called the backbone of Indian economy because 70% of Indian population are engaged in agriculture and raw material for the Industrial sectors like food processing company, textile industry comes from the agricultural sector. … Not just in India, but all around the world.

Why is agriculture called the backbone of the economic system?

For decades, agriculture has been associated with the production of essential food crops. … Agriculture is the backbone of the economic system of a given country. In addition to providing food and raw material, agriculture also provides employment opportunities to a very large percentage of the population.

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Who said agriculture is the backbone of Indian economy Why?

Agriculture is the backbone of the Indian Economy”- said Mahatma Gandhi six decades ago.

How is agriculture the backbone of Indian economy?

Agriculture is the Backbone of the Indian Economy

Agriculture supplies bulk of wage goods required by the non-agricultural sector. It provides raw materials for a large section of industries. … Agriculture accounts for about 18 percent share of the total value of India’s export.

Is the backbone of Indian economy?

Agriculture is the backbone of Indian economy.

What is agriculture called in Indian economy?

i Agriculture is the mainstay of Indian economy because about 67% of our population depends directly or indirectly on agriculture. ii It provides raw materials to the industries. iii India earns foreign exchange by exporting agricultural products. iv It contributes about 29% to the gross domestic product.

What has been the backbone of the Indian economy?

Agriculture is the backbone of Indian economy.

Why agriculture is important for Indian economy?

Agriculture is a very important sector of the Indian economy. It is because it provides employment to roughly half of India’s workforce and contributes to 17% of India’s GDP. Since independence, a lot of changes have been observed in the sector. Post-independence India was dependent on imports of agricultural produce.

Which sector is the backbone of Indian economy class 10?

The secondary sector is the backbone of the Indian economy.

Which are the backbone of the economy?

Union Minister Nitin Gadkari on Thursday said micro, small and medium enterprises (MSMEs) are the backbone of the economy and can help in boosting exports.

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Why is agriculture important to the economy?

That puts agriculture’s contribution to the overall economy at about 6 percent. … According to one study, members of the food and agriculture industries and their employees pay almost $900 billion in federal, state and local taxes, helping to support their communities and our nation.