sist of machinery, textiles, food processing, cement, telecommunications, chemicals, transportation equipment, steel, mining, information technology-enabled services, petroleum and pharmaceuticals. The labor force totals 500 million workers.
INDIAN ECONOMY AND AGRICULTURE
The agriculture sector of India has occupied almost 43 percent of India's geographical area. Agriculture is Agriculture area of Indian Economy is one of the most important parts of India. Though agricultural activities utilize 52% of the total work force yet it contributes only 17.5% to the total GDP. Agriculture is the only means of living for almost two-thirds of the employed class in India. Mostly, cultivation is carried out using traditional methods and farmers are dependent on heavily on monsoons. Green revolution and white revolution has given a boost to this sector but it is yet embrace technology on a large scale. Agriculture also plays a major role in the growth of socio-economic sector in India.
In the earlier times, India was mostly dependent upon food imports but the successive stories of the agriculture sector of Indian economy have made it self-sufficing in grain production. The country also has significant capital for the same. India depends profoundly on the agriculture sector. India has put a lot of effort to be self-sufficient in the food production and this endeavor of India has led to the Green Revolution. The Green Revolution came into reality with the aim to improve the agriculture in India.
The services enhanced by the in the agriculture sector of Indian economy are as follows:
Acquiring more area for agriculture purposes
increasing irrigation facilities and Water management
Use of improved and advanced high-yielding variety of seeds
Implementing better techniques that emerged from agriculture research
Plan protection activities through practical use of fertilizers, pesticides, and cropping applications
India is the largest producer of cashew, milk, coconuts, ginger, black pepper and turmeric in the world. It also has the world's largest farm animal population (193 million). It is the second largest producer of sugar, rice, wheat, inland fish and groundnut. It is the third largest manufacturer of tobacco. India accounts for first rank in the production of banana, mango and 10% of the world fruit production. India is the world's largest silk consumer and the second largest silk producer.
Main problems in the agricultural sector, as listed by the World Bank, are:
India's large agricultural subsidies are hampering productivity-enhancing investment.
Overregulation of agriculture has increased costs, price risks and uncertainty.
Government interventions in labor, land, and credit markets.
INDIAN ECONOMY AND ENERGY AND POWER
If India is to meet the growing needs of its economy, it needs to significantly increase its installed energy capacity. In the world, India is one of the fastest growing economies. Its annual growth rate over the past five years has consistently been around 7%, driven by ever increasing levels of domestic expenditure and a blooming young population.
The country’s service and agricultural, manufacturing sectors are all booming, but the energy
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