Agriculture is the mainstay of Indian economy. Explain the statement by giving three points


#1

Agriculture is the mainstay of Indian economy because:
(i) Two thirds of the population is dependent on agriculture and it generates large scale employment.
(ii) It provides food for teeming millions.
(iii) It provides raw materials to many agro-based industries like cotton, rubber, sugar.
(iv) Export of agricultural products earns valuable foreign exchange like tea, spices.
(v) It contributes to 26% of gross domestic product (GDP).