UNEARTHING INDIA’S ECONOMIC BACKBONE: THE VITAL ROLE OF AGRICULTURE AND IT’S IMPACT ON GDP GROWTH
This article provides a concise overview of the crucial role of agriculture in the Indian economy. India has long been an agrarian society, with agriculture contributing significantly to its GDP, employment, and food security. The sector supports a vast population, predominantly in rural areas, making it a cornerstone of the nation's economic and social fabric. The article begins by highlighting the historical significance of agriculture in India and its transition from subsistence farming to commercialized practices. It then delves into the current state of the agricultural sector, including its challenges and opportunities. The study presents a concise analysis of the growth rate of agriculture over the past two decades and conducts a comparative analysis of the sector-wise GDP growth rate in India. It explores the interconnectedness between agriculture and other sectors of the Indian economy, including industry and services. The study concludes by highlighting the role of agriculture in driving India’s economic growth and the changing patterns of sectoral contributions to GDP. Agriculture remains significant, providing livelihoods and food security, but other sectors are diversifying the economy. Policymakers must support agriculture while encouraging growth in other areas for sustained and equitable development. Emphasizing modernization, productivity and sustainability in agriculture can lead to a robust and resilient economy for India.
Agriculture, Growth Rate, Indian Economy, GDP