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Agriculture
Indian economy hinges on agriculture. About 58.2 per cent of Indian population is directly or indirectly dependent on agriculture. Agriculture and allied sectors contribute nearly 14.4 per cent of Gross Domestic Product (GDP) of India (India 2012). Besides, agriculture is an important source of raw material for industrial production, and serves as a huge market for the industrial products. In the opinion of Gunnar Myrdal “It is in the agriculture sector that the battle for long term economic-development will be won or lost." If agriculture goes wrong, nothing else will have a chance to go right in India (M.S. Swaminathan). The agricultural output, however, depends on monsoon as nearly 55% of area sown is dependent on rainfall. It not only provides food to its teeming millions; the agro-based industries for their raw material are dependent on agriculture. Moreover, agriculture fetches substantial amount of valuable foreign exchange.
The domestication of plants and animals is known as agriculture. It includes cultivation of crops, animal husbandry, horticulture, pisciculture, sericulture, silviculture, floriculture, etc. Being located in tropical and subtropical latitudes, the greater part of the agricultural land of India can produce two or more than two crops in a year.