It is the backbone of our economic system. Some ranchers also raise elk, bison, ostriches, emus, and alpacas. In India more than half national income comes from agriculture sector. Importance of Agriculture in India Agriculture of India comes 5th in exports constitute of the total export of the country. Moreover, only 20% of Kenyan lands are arable, as most of them are either arid or semi-arid. Within a particular region or country, how important agriculture is will vary. In the initial stages of economic development, it is agriculture that constitutes a significant source of capital formation.
The United States is the world's largest producer and exporter of agricultural products with a 21% share of world farm trade. These are exported for high prices when there is demand in international market. So a sense of security can be developed as the country can be rest assured that they can accomplish the needs of the citizens. In 1976-77, this sector alone contributed 42. All these depend directly on agriculture. Nation is developing from the various activities like many peoples doing work in mining, manufacturing and other none agriculture sectors. I am constantly amazed by the young people who have chosen to pursue agriculture as their career and the passion they show advocating for their future.
Hence, the need to reform the agriculture sector cannot be over emphasize as stated in a recommendation by Fatokun, I. But with agriculture, you can invest a small amount and reap fruits of benefits. Not only does it provide us food for our daily survival, but most industries in the country are directly or indirectly dependent on it. This is the good symptoms for the Indian economy. So is it the right answer to the youth migration problem? The contribution of agriculture in national income in case of some development countries are as follows. Thus, agriculture may be defined as the production, processing, marketing and distribution of crops and livestock products. Role of Agriculture in Economic Development : The agriculture sector is the backbone of an economy which provides the basic ingredients to mankind and now raw material for industrialisation.
Shift of Manpower: Initially, agriculture absorbs a large quantity of labour force. This is more dominant in developing countries like India, where almost 60% of the total land can be utilized for agriculture because India has a very fertile land overall. The simple fact is that there is a high possibility that there will be 9 billion people to feed, clothe and provide shelter for by 2050. But, the governments derive enough revenue in the form of taxes. If you eat, you need agriculture.
This service is estimated to be worth £672 million each year. Due to this, large developing countries like India having potentialities of industrial development are trying to diversify their production structure and promote the exports of manufactured goods even though this requires the adoption of protective measures in the initial period of planning. Based on Democratic Notions: If the agricultural sector does not grow at a faster rate, it may result in the growing discontentment amongst the masses which is never healthy for the smooth running of democratic governments. It is not a secret that the urban society is interested in low prices for agricultural goods. Reduce capital shortage — This is one sector which requires the least amount of money for its development and that is why it puts an end to the problem of capital shortage. On the other hand, the request by the rural sector for price growth is a regular nuisance for the urban population. Ergo, this leads to creation of a good atmosphere for overall economic development of a given country.
Both industiy and agriculture are important for the progress of country and since independence we have made great efforts in the field of industrial development. Such agricultural products approximately in India accounts 18% of the entire value of exports. And for most of history, society's connection to the land was intimate. Thus it continues to create effective demand even during adverse conditions of the economy. Farming in Kenya expanded by 3. The forest science has elements that belong to the biological, physical, social, political and managerial sciences Fishery : Generally, a fishery is an entity engaged in raising or harvesting fish which is determined by some authority to be a fishery. Let me conclude this article by saying that the focus on agriculture is bigger than ever.
Internal trade is mostly in agricultural products. Therefore, it will be helpful in stimulating the growth of the non- agricultural sector. In case the majority of the people have to be kindled with the hopes of prosperity, this can be attained with the help of agricultural progress. The prosperity of farmers means a large market for industrial goods that in turn benefits industries also. Indian agriculture has many areas to start a business like dairy, fishery business, poultry etc. Now all of us know that farmers spend their whole day looking after and nurturing the fields. From the above, explanation it may be concluded that agriculture occupies an important place in the development of an economy.
These products contribute 60 to 70 per cent of their total export earning. Food Security in India Agriculture is the sector which ensure a Nation of food security because the main requirement of any country or any people is Food and Agriculture secure the food for the population. In this vision, spiritually motivated individuals contribute to strong families, organizations, corporations, administrative institutions and communities, animated by a new global ethic founded on universal spiritual principles such as unity, justice, equity, moderation and peacefulness. More than half population in India directly and indirectly depended on the agriculture. However, almost twenty nine percent of our national income still comes from agriculture.
Furthermore, Agricultural Education sparks new student interests, opening the door for students to discover potential future careers. Agriculture has a significant role in our economy. Thankfully, those in the agriculture industry recognize the need for outreach and continue to work hard to educate and advocate for agriculture. Ranchers commonly raise grazing animals such as cattle and sheep. In addition it provides raw materials for many industries thus it not only fulfils one of our essential needs but also gives support to industries. Various schemes should be integrated for the betterment of the farmers along with guiding them on the new ways of farming. As a result of all these efforts, the growth rate between the years 1950-60 was 2.