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Indian Economy 1950-1990

Question

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What is the importance of agriculture in Indian economy?

Solution

Agriculture is the backbone of the Indian economy. It contributes to nearly 30 percent of national income. About two-thirds of our total labour force depends on agriculture for their living. It also plays a significant role in the country's industrial development.

Some More Questions From Indian Economy 1950-1990 Chapter

What structural change undergoes with development of the economy?

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

Why is agriculture called the backbone of Indian Economy?

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What are the main causes of backwardness of Indian agriculture?

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