Agriculture and the national economy

Some of the major role of agriculture in economic development of a country are as follows:

Agriculture and the national economy

June 30, By Anil Bose Introduction: India is mainly an agricultural country.

Ministry of Agriculture

Agriculture is the most important occupation for most of the Indian families. Agriculture included farm related activities for growing crops and includes the rearing of animals for agriculture purposes.

Agricultural products of significant economic value includes rice, wheat, potato, tomato, onion, mangoes, sugar-cane, beans, cotton, etc.

Agriculture is the backbone of Indian economy. Though, with the growth of other sectors, the overall share of agriculture on GDP of the country has decreased. Still, Agriculture continues to play a dominant part in the overall economic scenario of India.

Source of Food for domestic consumption: Food is essential for life. We depend on agricultural outputs for our food requirements. India produces large quantity of food grains such as millets, cereals, pulses, etc.

A major portion of the food-stuffs produced is consumed within the country. Our farmers works day and night to feed our population that counts over 1. India exports excess food and agricultural products. It helps in increasing the foreign exchange.

Agriculture and the national economy

India exports agricultural produce and processed food to over countries all around the world. Basic occupation of millions: Agriculture is the basic occupation for majority of main-workers in India.

A large number of rural women are also engaged in agriculture. According to census, over A number of industries are agro-based industries, such as jute, cotton, sugar, etc.

Raw materials for such industries are supplied from agricultural produce. The vast scale of agricultural has led growth of several ancillary industries that manufacture equipment and other inputs to aid in increasing the productivity. There has been a consistent demand for agricultural tractors.

Further, along with agricultural chemicals, the future of agriculture has lies in agro-nutrients. The mass scale development of industries ancillary to agriculture will surely contribute to overall economy of our country. The era of Green revolution that began in s witnessed significant increase in the production of food crops.

The productivity of land increased tremendously giving huge economic boost to the nation.Tweet Iowa Economy Agriculture. In terms of revenue generated, Iowa's top five agricultural products are corn for grain, hogs, soybeans, cattle and calves, and dairy products.

The Kansas City Fed is the Federal Reserve System's leader in agricultural economic research. Our work provides insights on agricultural and rural economies, both within our seven-state region of the Tenth Federal Reserve District and nationally.

Agriculture is the largest employment sector in performance of this sector has an overwhelming impact on major macroeconomic objectives like employment generation, poverty alleviation, human resources development, food security, etc. Most countries have an economy that is dependent on agriculture – either in a small or big way.

From employment generation to contribution to National Income, agriculture is important. In , around 25 million persons were regularly engaged in agricultural work in the European Union.

The Importance of Agriculture - Agriculture Goods

58% men were working on full time in farms. Meeting with Delegation from the Latin American Association of Development Financing Institutions.

A Meeting with the Delegation from the Latin American Association of Development Financing Institutions (ALIDE) was organised on 24 October at NABARD, Head Office, Mumbai. of the farmer is more vulnerable to changes in general economic con-ditions, unless he is protected by new economic rules.

Changes in Marketing More of the factors used in agriculture are produced in the non-farm sector of the economy. This means the factor markets are becoming increasingly important to farmers.

Agriculture and the national economy
What is the importance of Agriculture for our country?