Tag: economics

Agriculture plays a major role in the overall development of the economy. Agriculture can be defined as the primary sector of the Indian economy. Agricultural sector is reponsible for providing employment to the 70% population of the country.

Agriculture sector can help in solving problems of urban congestion and pollution in urban areas. While all other sectors like, service sector, industrial and banking sector are responsible for adding up the problem of urban congestion and pollution in urban areas. Agriculture helps to maintain a sustainable environment.

Capital output ratio is low in agricultural sector. Capital output ratio of agricultural sector implies the agricultural output in terms of the capital invested in the sector. It is quite low in the primary sector of the economy because many people are employed in this sector and the marginal output will increase if some people step back from getting employed in the agricultural sector.

Agriculture is primary occupation in India. Agricultural sector is also known as the primary sector of the economy of India. This sector is responsible for providing employment to the 70% of the population of the country according to the 2011 census.