The Importance Of Agriculture In India

794 Words4 Pages
India is the second largest populated country of the world. Agriculture is the backbone of the Indian economy. Father of our nation, Mahatma Gandhi said “India lives in villages and agriculture is the soul of Indian economy”. Agricultural land accounts for about 60% of the total landscape of India (The World Bank). Agriculture and allied activities accounts for about 15% of India’s GDP offering employment to two-thirds of India’s population (OECD, 2011). India is the second largest producer of agricultural products and accounts for about 7.68% of total global agricultural output. Agriculture exports of India during the year 2013 stood above $39 billion which made India the sixth largest net exporter of the world (FAS, USDA). Indian economy dwells in the agricultural sector as it contributes to about one-third of the country’s national income. Agricultural sector apart from meeting the food requirements of the people, also supplies the raw materials demanded for industrial growth. Thus it could be understood that development of agricultural sector is a precondition for India’s economic growth. Since independence Indians have always relied upon agriculture for development. Share of agriculture in gross domestic product (GDP) was around 51.8% during 1950-51 which declined to 50% during 1955-56 (CSO). The five year plans have accorded priority to agricultural development for improving the GDP. Green revolution during 1960s improved agricultural productivity through agronomic
Get Access