Agriculture as Weapon

Agriculture To Boost The Growth Of An Economy

Growth Rate

As we know Growth Rate is the rate at which a nation's Gross Domestic Product (GDP) changes or grows from one year to another. It's a rate at which economy is developing.There are many factors that affects the growth rate of an economy, but Human Capital, Agricultural Development, Health and Education Facilities are factors which affects the most.

Agriculture: Backbone of Economy

Agriculture, for developing countries, is very important factor for the economic development. 

In many cases we found three basic types of sectors in an economy,

1. Primary Sector

2. Secondary Sector

3. Tertiary Sector

After the development of Secondary Sector i.e. Industrial development, to achieve an acceptable growth rate it becomes necessary to develop the Primary Sector i.e. Agriculture.

That's why agriculture is THE BACKBONE OF AN ECONOMY.

So, we can control the growth rate of an economy by developing primary sector. If we give a period of 4 years only for the developments in this sector we can achieve an incredible growth.

Agriculture: Policy

As we know Government plays an important role to boost the economic activites, in considering the new policies or framing new policies it is necessary to give a considerable attention for agricultural sector. 

Farmers need finance for producing the goods i.e. food grains.