Question

According to the Economic Survey of India 2023-24, which of the following statements is correct regarding agriculture’s role in the Indian economy?

• A. Agriculture provides livelihood support to about 42.3% of the population and contributes about 18.2% to India’s GDP at current prices.
• B. Agriculture provides livelihood to less than 20% of the population and contributes more than 50% of GDP.
• C. Agriculture has no significant role in poverty alleviation or inclusive growth in India.
• D. Agriculture’s contribution to GDP has increased sharply in recent years to over 40%.

Answer 1

Answer:

A. Agriculture provides livelihood support to about 42.3% of the population and contributes about 18.2% to India’s GDP at current prices.

According to the Economic Survey of the Government of India for 2023-24,

• the agricultural sector provides livelihood support to about 42.3 % of the population and shares about 18.2 per cent of India’s GDP at current prices.

• To end poverty and to bring in inclusive growth, activities related to agriculture need to be closely integrated with the Sustainable Development Goals (SDG) targets.