why agriculture is backbone of Indian economy answer in detail. give y...
"India ranks 2nd worldwide in farm yield. It is the world’s largest producer of fresh fruits and vegetables, milk, major spices, various crops such as jute, staples such as millets and castor oil seed. It is also the second largest producer of wheat and rice." as per 2013 report.
Now, let's come to the point, why it's the backbone of our economy?
"To forget how to dig the earth and to tend the soil is to forget ourselves" ~ Mahatma Gandhi
Agribusiness plays a critical job in the development of any country.
I) The essential division of an economy includes horticultural and different exercises which contributes a huge add up to the GDP. Agriculture gives crude materials to numerous industries which structure the foundation of the country. In particular, it causes a country to endeavor by giving nourishment and other agrarian items. India, for precedent, which is fundamentally an agrarian nation, has a greater part of the working populace occupied with farming exercises.
II) It runs foreign money through the fare procedure of agricultural items. It makes a wellspring of work to the population through cultivating business and research exercises, in this manner raising the quality of life of people.
III) Farming guarantees a steady food supply and sustenance security for the population, this guarantees the work coercively fed with vitality to supply work to businesses and other financial parts.
IV) It likewise saves the nation funds that would have rather been utilized in importing the food from other countries this thus positively affects the nation's parity of installments and there is surplus cash to put resources into different regions of the economy, for example, central security, defence, social overheads, streets, healthcare & development of other infrastructure.
Overall it contributes towards rural-urban balancing through the formation of employment within the rural areas and it disincline rural to urban migration which helps in higher dispersion of wages and balanced use of social conveniences. Through this Agriculture is seen to a supply of economic development and improvement. Thus, Agriculture is truly the backbone of a country.