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Indian vs Developed Countries: Agriculture Sector GDP Discrepancy

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Indian vs Developed Countries: Agriculture Sector GDP Discrepancy

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Questions and Answers

What is the percentage range of agro-exports to total exports of India?

20-25%

15-20% (correct)

5-10%

10-15%

How does a good harvest in India impact economic planning?

It has no impact on the Indian economy

It improves business conditions for various sectors like transportation and manufacturing (correct)

It leads to a collapse of the economic planning

It generates additional revenue only for the agriculture sector

What role does agriculture play in the government's revenue according to the text?

The government derives substantial revenue from land revenue and movement of agricultural goods (correct)

Agriculture is irrelevant to the government's revenue

Agriculture generates revenue solely for the farmers

Agriculture does not contribute to government revenue

Which sector is heavily reliant on the agricultural sector for economic development?

Transportation system, manufacturing sectors, and internal commerce Signup and view all the answers

What was the condition of Indian agriculture before the first Five Year Plan period according to the text?

In a hopeless and unacceptable condition Signup and view all the answers

How does a bad harvest impact India's business climate?

It causes a total depression in the country's business Signup and view all the answers

What percentage of India's GDP does the agriculture sector contribute in the financial year 2022-23?

17-18% Signup and view all the answers

How does the percentage of the population engaged in agriculture in India compare to that of developed nations like the UK and USA?

India has more people engaged in agriculture than the UK and USA Signup and view all the answers

Why is there a constant need for a supply of food in India according to the text?

To meet the needs of a large population Signup and view all the answers

What is the significance of the agriculture sector to industries in India according to the text?

Most industrial income is generated through agricultural-based industries Signup and view all the answers

Compared to developed nations like France and Australia, what percentage of India's total population is engaged in the agriculture sector?

45-50% Signup and view all the answers