Question

Why is agriculture called the backbone of Indian Economy?

Solution

More than-two thirds of our population is dependent on agriculture directly or indirectly. One third of our national income comes from agriculture. It supplies the raw material to industries and food for more than one hundred crore people of India.

Some More Questions From Indian Economy 1950-1990 Chapter

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

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Indian Economy 1950-1990

Why is agriculture called the backbone of Indian Economy?

Some More Questions From Indian Economy 1950-1990 Chapter

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

What is meant by agriculture?

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