Question
How does agriculture promote the Indian industrial development ?
Answer: Option D
Answer: (d)According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz., By providing food and raw material to non-agricultural sectors of the economy, By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, By earning valuable foreign exchange through the export of agricultural products, etc.
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Answer: (d)According to Prof. Kindleberger, Todaro, Lewis and Nurkse etc., agriculture makes its contribution to economic development in several ways, viz., By providing food and raw material to non-agricultural sectors of the economy, By creating demand for goods produced in non-agricultural sectors, by the rural people on the strength of the purchasing power, earned by them on selling the marketable surplus, By providing investable surplus in the form of savings and taxes to be invested in non-agricultural sector, By earning valuable foreign exchange through the export of agricultural products, etc.
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