Importance of agricultural sector in GDP
Importance of agricultural sector in the Indian Economy Gross domestic product (GDP) is the standard measure of the value-added created through the production of goods and services in a country during a certain period. Agriculture contributes to 17% of India’s GDP. Total geographical area- 328 million hectares net area sown-142 million hectares Gross cropped area-90.8 million hectares net irrigated area- 56.9 million hectares provides food to more than 1 billion people produces 51 major crops contributes to 1/6 of the export earning Foreign Exchange 70% of India’s export are originated from the agriculture sector-the major Agri exports of India are cereals (mostly rice basmati and non-basmati) spices, cashew, oilcake/meals, tobacco, tea, coffee, and marine products. Agriculture is the largest employment providing ...