An Analytical study of Contribution of Agriculture Sector in growth of Indian Economy
Year: 2021
Type: article
Abstract: Agriculture sector referred as primary sector. it is very important for economic growth of any country. It emerged as an essential-growing sector within the world economy. This sector contributes huge part of Indian GDP and occupy first place in employment provider. 58% of India’s population is depends upon Agriculture. Gross Value Added (GVA) by agronomy, forestry and trawling was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20 (PE). GVA Growth in agriculture and related sectors stood at 4% in FY20. Essential agricultural commodities export for the April-September period of 2020 enlarged by 43% to Rs. 53,626 crore (US$ 7.3 billion) over Rs. 37,397 crore (US$ 5.1 billion) in the same period last year. Its respectable share in foreign direct investment (FDI) inflows similarly as in total exports makes it the engine of economic process. Keeping in higher than scene, the current study makes an analysis of agriculture sector in Indian economy. The study shows that agriculture sector has achieved incredible growth over the year in Indian economy. Besides, their contributions in value, employment and exports are rising significantly. To take care and accelerate the expansion & contributions of this sector & to develop it as a real engine of economic process.
Authors: Sharma Alok K. Alok K., Dr. Rajawat A, Gupta V.
Institution: Sabarmati University
Language: English
Domain: Life Sciences
Open Access status: diamond
OpenAlex ID: W3191330221