CONTRIBUTION OF AGRICULTURAL SECTOR AND ITS REFLECTION ON GDP IN INDIA
DOI:
https://doi.org/10.61841/vgjxd430Keywords:
Gross Domestic Product, Contribution, Momentum, Infrastructure, Productivity, Economic Prosperity, employee performanceAbstract
This paper aims to analyse the relationship between the contribution of agricultural
sector and the total GDP in India. Agricultural sectorin India is expected to generate
better momentum in next few years due to increased investment in agricultural
infrastructure. Increased agricultural output and productivity tend to contribute
substantially to the overall economic prosperity of a nation which is predominantly
agricultural and over-populated. Still agriculture in India is the backbone of the country
and is regarded as the largest sector of the country’s economic activity. The regression
result shows that one percent increase in agricultural GDP which leads to increases 1.79
per cent of total GDP. The R2 value is 0.95. It shows the present contributory position of
Indian Agricultural sector. Above the all without Agricultural and Allied Activities no
one can survive in the earth. In this relation Agricultural GDP has positive impact on not
only in India’s GDP but also for the people who involved in industrial and service sector
activities.
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References
1. Economic Survey 2018-19, Ministry of finance, Goverment of India,pp.112-114.
2. RBI Bulletin 2018-19.
3. Statistical Handbook of India 2018-19.
4. Tamma Koti Reddy and Madhubanti Dutta, “Impact of Agricultural Inputs on
AgriculturalGDP in Indian Economy”, Scientific Research Publishing,2018.
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Growth in India: An Econometric Analysis”, Asian Journal of Multidisciplinary
Studies, 5(3) ISSN: 2321-8819 (Online) 2348-7186 (Print) Impact Factor: 1.498
Vol. 5, Issue 3, March 2017.
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2013 and World Food and Agriculture
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