question_answer

What is the significance of agro-based industries in Indian economy?                                                         

Answer:

The significance of agro-based industries in Indian Economy is as follows:

(i) Indian economy is purely an agriculture based economy.

(ii) The industrial development of the country depends on the development of agriculture.

(iii) Agriculture provides raw materials.

(iv) Agro-based industries provide employment to hundreds of people.

(v) The product of the agro-based industries are exported to other countries and thus our country earns huge foreign exchange.

(vi) These industries also supply many valuable products to the people of our country.