Agricultural science is a broad multidisciplinary field of biology that encompasses the parts of exact, natural, economic and social sciences used in the practice and understanding of agriculture. Agriculture is the major source of national income, which contributes more than 39% of the total product of the country this sector had significant contribution in the past, which decline due to the gradual development of industrial and tertiary sector. Importance of agriculture in indian economy the direct contribution of the agriculture sector to national economy is reflected by its share in total gdp, its foreign exchange earnings, and its role in supplying savings and labor to other sectors. India is an agriculture based country agriculture is the single most important contributor of indian economy more than half of country's total workforce are working in agriculture and it's supporting sectors like fisheries, forestry, etc.
The importance of the agricultural sector in the south african economy is 21 the theory on the role of agriculture in economic development 6 54 the role. Importance of agriculture in india: india is an agriculture based country, in india more than 50% population is dependent on agriculture because agriculture is the main source of income in rural areas everyone knows that india is called ruler's country. Agriculture is the most important sector of the african economy and will have to be its driving engine out of poverty it accounts for 65% of the continent's employment and 75% of its domestic trade, the director-general of the un industrial development organisation (unido), kandeh k yumkella, said in a news release.
The united states is one of the world's largest producers, consumers, exporters and importers of agricultural commodities this chapter gives an overview of the role of agriculture in the us economy. Agricultural sector plays a strategic role in the process of economic development of a country it has already made a significant contribution to the economic prosperity of advanced countries and its role in the economic development of less developed countries is of vital importance in tanzania. Thus, agriculture is of supreme importance for the progress of the country it is the real backbone of our economy, as with the prosperity of farmers, the nation prospers hence, agriculture must be given top priority and the condition of the farmers must be improved.
Agriculture helps meet our needs and the needs of millions of people in other countries agriculture provides jobs for more people than any other industry in the united states approximately 16 out of every 100 people in the us work in agriculture. Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber agricultural economics began as a branch of economics that specifically dealt with land usage , it focused on maximizing the crop yield while maintaining a good soil ecosystem. Economic development, the process whereby simple, low-income national economies are transformed into modern industrial economiesalthough the term is sometimes used as a synonym for economic growth, generally it is employed to describe a change in a country's economy involving qualitative as well as quantitative improvements.
Agricultural industry plays a major role in the state's economy, contributing billions of dollars annually in 2014 georgia ranked first in the nation's production of broilers (young chickens weighing less than two and a half pounds), blueberries, peanuts, and pecans. Indian agriculture- status, importance and role in indian economy 345 7 significance for trade and transport 8 source of revenue for the government. An important source of income for the government is the exportation of agricultural products this is fishing it needs to expand and improve its agricultural production 5people who are potential customers of other products and services. Agricultural economics, study of the allocation, distribution, and utilization of the resources used, along with the commodities produced, by farmingagricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth.
Agriculture in the national economy by h b james agriculture and its part in the national economy has been the sub-ject of much discussion and conjecture during the past 100 years. Importance of agriculture in nigeria economic development nigeria is a country that is highly endowed with material and human resources one of these material resources includes a vast array of land that is arable. Agriculture sector plays a vital role in the economic development of a country it is confirmed and supported by the fact that the gdp growth rate in pakistan is mostly reliant upon the growth rate in agriculture sector if the rate of growth in agriculture sector is low, it bring shortage of food, and other necessary raw materials in the. Agriculture plays a crucial role in the economy of developing countries, and provides the main source of food, income and employment to their rural populations according to fao (2000), it has been established that the share of the agricultural population in the total populace is 67% that.