Concepts In Agricultural Sector (Indian Economy)
WELCOME TO YOU I Heartfully welcome you to read this post on concepts related to agricultural sector. These basic concepts will give clear ability to analyze concepts in more productive way. Lets Begin. after --- symbol explanation of that particular concept is written. ------------------------------ Share of agriculture in national income: In 1950 to 1951 the share of agriculture and other sectors in national income of GDP was 56.5%and it declined to 24.7% in 2000 to 2001. And farther to 13.9% in 2012 to 2013. SHARE OF AGRICULTURE IN EMPLOYMENT A very huge force of labours are engaged in agricultural sector. It was 98 millions in 1951, and increased to 235 millions in 2001. --- India is Well-known for its agricultural methods and engagement. heavy labour force is engaged in agriculture especially in rural areas. Many industries are directly interdependent on agriculture production. Capital Formation Economic development cannot be achieved unless capital formation incr...