Livelihood
- Approximately 60% of India's population depends on agriculture for their livelihood.
Contribution to National Income
- In 1960-61, agriculture contributed 52% to the national income.
- By 2022-23, this contribution decreased to 17%, reflecting the diversification of the economy.
Food Security
- Agriculture ensures self-sufficiency in meeting the food needs of India, the world's second-most populous nation.
- India is a major producer of agricultural commodities.
Supply of Fodder
- Agriculture provides fodder for the livestock sector.
- India boasts the largest livestock population globally.
International Trade
- India is a top exporter of rice and wheat, earning valuable foreign exchange reserves.
Marketable Surplus
- The surplus generated by agriculture encourages people to engage in mining, manufacturing, and non-agricultural sectors.
Source of Raw Material
- Agro-based industries rely on agriculture as their principal source of raw materials.
- Industries such as cotton textiles, jute, paper, and sugar benefit from agricultural products.
Transport Support
- Agriculture is essential for supporting railways and roadways.
- It facilitates the transportation of bulk agricultural produce from mandis (markets).
Employment Opportunities
- Agriculture employs around 40% of the total workforce.
- It remains a labor-intensive sector, providing jobs for semi-skilled and unskilled laborers.
Revenue for Government
- Indirect taxes on agricultural and processed commodities contribute to government revenue.
Basis of Economic Development
- Agriculture generates necessary capital for industry and services.
- A surplus in agriculture is vital for the growth of secondary and tertiary sectors.
Source of Savings and Investment
- Agriculture offers significant saving potentials, leading to investment in various sectors.
