Agriculture’s Role in GDP and Employment
Agriculture is a foundational sector of the Indian economy, crucial for food security and rural livelihoods. While its share in India's Gross Domestic Product (GDP) has been declining due to the growth of manufacturing and services, it remains the largest employer, providing sustenance to a significant portion of the population and influencing overall economic stability and rural demand.
Recent Developments
- The 'Agriculture and Allied Activities' sector contributes ~16% of the country's GDP for FY24 (PE) at current prices; the sector employed around 46.1% of India's workforce in 2023-24.
- Despite this decreasing share, the sector continued to grow, with an expected growth ....
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