• Karan Deshwal

Agriculture is the largest source of employment in India, providing livelihoods for a significant portion of the population. According to the latest available data, around 50% of the Indian workforce is engaged in agriculture-related activities, including farming, forestry, and fishing. The agricultural sector contributes to the country's gross domestic product (GDP). Although its share has been declining over the years due to the growth of other sectors, agriculture still plays a vital role. In recent years, it has contributed around 15-18% to India's GDP. Agriculture is crucial for ensuring food security in India. With a large and growing population, the country's agricultural sector plays a vital role in meeting the food requirements of its citizens. India has made significant strides in increasing food production to meet the growing demand. The agricultural industry is a major contributor to India's export earnings. The country exports various agricultural products, including rice, wheat, spices, tea, coffee, and fruits. These exports generate foreign exchange and contribute to India's balance of trade. Agriculture forms the backbone of the rural economy in India. The income generated from agricultural activities fuels rural growth, supports local businesses, and stimulates overall economic development in rural areas. It also helps reduce rural-urban migration by providing employment opportunities in rural communities. The agricultural sector provides a market for input industries such as fertilizers, seeds, pesticides, farm machinery, and irrigation systems. These industries contribute to the overall economy by generating employment and promoting technological advancements. Agriculture creates linkages with various sectors of the economy. It provides raw materials for agro-based industries such as textiles, sugar, food processing, and leather, fostering their growth. These industries generate employment and contribute to the national economy. The agricultural industry in India has a significant economic impact on the country. Agriculture is a crucial sector of the Indian economy, contributing to the Gross Domestic Product (GDP). Although its share has been declining due to the growth of other sectors, such as manufacturing and services, agriculture still plays a vital role. As of my knowledge cutoff in September 2021, agriculture accounted for about 17-18% of India's GDP. The agricultural sector is the largest employer in India, providing livelihoods to a significant portion of the population. The majority of rural households are engaged in agriculture directly or indirectly. It offers employment opportunities for farmers, laborers, and various other support services such as transportation, warehousing, and marketing. Agriculture ensures food security by producing staple crops, such as rice, wheat, pulses, and vegetables. Meeting the nutritional needs of a growing population is crucial, and a strong agricultural sector is vital for ensuring an adequate and affordable food supply. India is a major exporter of agricultural products, including rice, spices, tea, coffee, and textiles made from natural fibers like cotton. These exports contribute to foreign exchange earnings, helping to stabilize the balance of trade and supporting the overall economy. Agriculture plays a significant role in rural development. Investments in agricultural infrastructure, irrigation facilities, rural electrification, and farm mechanization can boost productivity and improve the standard of living in rural areas. This, in turn, helps reduce poverty, inequality, and migration to urban areas. The agricultural industry provides raw materials for various industries, including textiles, food processing, leather, and bio-fuels. A strong agricultural sector ensures a stable supply of inputs, which supports the growth of related industries and contributes to overall economic development. The Indian government implements various policies and subsidies to support the agricultural sector. These policies include minimum support prices (MSPs) for crops, subsidies on fertilizers, seeds, and irrigation, and agricultural credit facilities. These measures aim to promote agricultural growth, increase farmers' incomes, and address rural distress.

Agricultural Industry

"The Economical Impact of the Agricultural Industry in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 7, page no.e904-e920, July-2023, Available :http://www.jetir.org/papers/JETIR2307498.pdf

"The Economical Impact of the Agricultural Industry in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 7, page no. ppe904-e920, July-2023, Available at : http://www.jetir.org/papers/JETIR2307498.pdf