“The decline share of agriculture in the Gross Domestic Product (GDP) is a matter of serious concern in India.” Support the statement with any five reasons.
Contribution of agriculture in GDP has shown a declining trend:
- The share of agriculture in GDP has shown a declining trend since 1950.
- Yet, its share in providing employment and livelihood to the population continued to be as high as 63% in tool.
- Although GDP growth rate of the country is increasing it is not generating sufficient employment opportunities in the country, especially in the field of agriculture.
- Farmers are dragging away their investment from agriculture because they have to face big challenges from international competition. This has resulted in further downfall in employment in agriculture.
- The growth rate in agriculture is decelerating which is an alarming situation.