Emerging Role of Agriculture in Economic Development in India

Abstract

Agriculture plays vital role for the development of the country and the countrymen as a whole including economic development.  It lays emphasis for fast track development with a strong and efficient growth of its production with optimal expenses.  Though the role of agriculture is confined or limited to source of food, livelihood, foreign trade, increase of capital, savings and industrial development but ultimately it leads to all round gain of the country. Agricultural progress is essential to provide food for growing non-agricultural labour force, raw materials for industrial production and saving tax revenue to support development of the rest of the economy to earn foreign exchange and to provide a growing market for domestic manufacturers.Agricultural growth works like an engine for industrial and service sectors, drive to exports, savings in industrial outfits, involvement in agri-business activities, strengthening of social structural infrastructure with rapid productivity, covers the areas of rural and urban poverty elevation and ultimately increase in the development to various angles.