InvestorQ : what is the main agriculture allied activities in india which creates finance?
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what is the main agriculture allied activities in india which creates finance?

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Dhwani Mehta answered.
1 year ago

Agriculture in India drives its history from Indus Valley civilization and maybe even before that. India ranks second worldwide in farm outputs. As per 2018, agriculture employed 50% of the Indian workforce and contributed 17-18% to the country’s GDP.
Agriculture does not only mean farming and growing crops but it has a huge scope and other activities related to it, among which major activities that generate finance in India are:

Agricultural products: Products such as rice, wheat, pulses, vegetables all are part of agriculture in India, it contributes around 7.68% of GDP in India Livestock: This is basically defined as domesticated animals raised in an agricultural setting to produce labor and commodities such as meat, eggs, milk, fur, leather, and wool, etc. It contributes around 4% of GDP in India.
Forestry & Logging: Logging in forest areas in India is generally in the hands of contractors to whom the government sells the forests on stump through public auction and does not contribute a big part to the Indian GDP.

Fishery: It is raising or harvesting of fish or other aquatic resources. In India, it is a major industry in coastal states and provides employment to many people. It contributes about 1% of the total GDP. Therefore, though the agriculture production sector contributes majorly in agricultural GDP, there are other allied activities in the agriculture sector that if not majorly, contribute to a good extent in agricultural GDP and Indian GDP as a whole.