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ROLE ON AGRICULTURE SECTOR IN INDIAN ECONOMY

  • Unique Paper ID: 177232
  • Volume: 11
  • Issue: 12
  • PageNo: 143-147
  • Abstract:
  • From March to June 2020, India's agricultural exports increased by 23%, and after 17 years, the country's agricultural share of GDP increased by 20%. One of the main goals of Atmanirbhar Bharat is to have an agriculture that can sustain itself. The government has implemented new programs and policies to support the growth of the agriculture industry over the years. India is currently the world's top producer of a variety of fruits and vegetables. It is the world's top producer of bananas, cotton, and milk. The agriculture sector accounts for the largest portion of India's GDP and supplies raw materials to numerous industries that have expanded over time, such as the textile sector, which is quickly becoming one of the country's top exporters. India is a leading exporter in the global market when it comes to agriculture products, over the years we have seen development in the sector of poultry industry, aquaculture, fishing, animal husbandry from providing agricultural loans and bringing in new land reforms for farmers we see a rise in the agriculture sector. Indian economy is primary depended on the agriculture sector which constitutes more than 50% of the workforce in India with maximum people living in the rural sector. Development in the rural economy can escalate the economy sector of India. Agriculture sector also known as primary sector is essential for economic growth in any economy including India. It has emerged as the essential-growing sector in the global economy since independence. This sector contributing 13.7 per cent of GDP. In employment providing, this sector is occupying first place. Its respectable share in foreign direct investment (FDI) inflows as well as in total exports makes it the engine of economic growth.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 12
  • PageNo: 143-147

ROLE ON AGRICULTURE SECTOR IN INDIAN ECONOMY

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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