GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the mainstay of Indian economy?
A
Manufacturing
B
Business
C
Public sector
D
Agriculture
Explanation: 

Detailed explanation-1: -Ans. (i) Agriculture is the mainstay of Indian economy because about 60% of our population depends directly or indirectly on agriculture. (ii) It provides raw materials to the industries. (iii) India earns foreign exchange by exporting agricultural products.

Detailed explanation-2: -Agriculture is India’s main source of income. It accounts for a quarter of the country’s gross domestic product (GDP). It ensures the country’s food security and produces a variety of industrial raw materials. As a result, agricultural development is a must for our country’s prosperity.

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