What is the importance of agriculture in Madhya Pradesh's economy ??
Importance of agriculture in Madhya Pradesh's economy-
Agriculture is an important source of livelihood in Madhya Pradesh, about 74% of the population of Madhya Pradesh depends on agriculture.
Agriculture accounts for about 34% of the state's GDP.
Madhya Pradesh is the leading state in inter-state trade mainly in pulses and soyabean.
Due to the improvement in new technology and management in the agriculture sector in Madhya Pradesh, there is a huge possibility of new employment.
Supports the economic development of the state, because the agriculture sector plays an important role in providing raw materials to the industries.
Agriculture provides a very important contribution in meeting the nutritional requirements of the vast population of Madhya Pradesh i.e. food grains.
Agriculture is an essential component in capital formation as an important tool
Agriculture sector plays a wide market role for industrial production,
For example, the agriculture sector plays an important role in the production and consumption of tractors, irrigation pumps, processing food, etc.
Importance of Agriculture in Indian Economy - MPPSC
Agriculture is an important source of livelihood in the Indian economy. About 49% of the population depends on agriculture.
The share of agriculture in India's GDP is about 40%, agriculture's share in international trade is around 10% which is an important component of Indian economy.
Agricultural exports provide international money which helps in balance of payments and also increases the foreign exchange reserves i.e. agriculture is an important component strengthening the Indian economy.
Supports the economic development of India, agriculture plays a paramount role in providing raw materials to agro-based industries like textile industry, sugar industry, spice industry etc.
Agriculture is the basic pillar of meeting the food needs of the vast population of the country.
Agriculture occupies an important place in India's economy as an important means of capital formation.
Agriculture provides a wide market for finished goods of Indian industrial products.
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