Agriculture Growth Video Lecture | Business Economics for CA Foundation

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FAQs on Agriculture Growth Video Lecture - Business Economics for CA Foundation

1. What are the key factors contributing to agriculture growth?
Ans. The key factors contributing to agriculture growth include technological advancements, favorable government policies, improved irrigation facilities, access to credit and loans for farmers, and increasing demand for agricultural products.
2. How does technological advancement impact agriculture growth?
Ans. Technological advancements in agriculture, such as the use of precision farming techniques, advanced machinery, and improved crop varieties, help increase productivity and reduce wastage. This, in turn, leads to agriculture growth by improving yield and profitability for farmers.
3. What role do government policies play in agriculture growth?
Ans. Government policies play a crucial role in agriculture growth by providing subsidies and incentives to farmers, implementing favorable trade policies, ensuring price stability, and investing in rural infrastructure development. These policies aim to support and promote the agricultural sector, leading to its growth.
4. How does access to credit and loans impact agriculture growth?
Ans. Access to credit and loans is essential for farmers to invest in modern farming technologies, purchase high-quality seeds and fertilizers, and expand their agricultural operations. By providing financial support, credit facilities contribute to agriculture growth by enabling farmers to increase their productivity and incomes.
5. What is the significance of improving irrigation facilities for agriculture growth?
Ans. Improving irrigation facilities is crucial for agriculture growth as it ensures a regular and adequate water supply to crops. This helps farmers overcome water scarcity issues and reduce dependence on rainfall, leading to increased agricultural productivity, improved crop quality, and overall growth in the agriculture sector.
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