Indian Agriculture * Mainstay of Indian Economy * Since independence‚ undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share. * Agriculture is a state subject. * GDP contribution (Agriculture and allied sector) * 56.5 pc in 1950-51 * 15.7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc in 2004-05. (2004-05 prices) * Agricultural GDP grew by 0.4 pc in 2009-10 and -0.1 pc in 2008-09. * Employment
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home. India must produce her own food. The problem‚ therefore‚ reduces itself to one of agricultural improvement. We must grow more food. The scientist has other methods. The chemist‚ the biologist‚ the engineer and even the physicist‚ have a great role to play in applying science to large-scale production‚ and they must be given due scope for carrying on experiments and researches. The first step to be taken is to increase the fertility of the soil‚ to ensure a higher yield of crops per acre.
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BANK The word “bank” is derived from the word “Bancus or Banque” that is bench. Jews‚ who were considered to be the early bankers‚ transacted their business on benches in the market. As early as 2000 BC Babylonians had developed a system of banks. In ancient Greece and Rome the practice of granting credit was widely prevalent/traces of credit by compensation and by transfer orders are found is Assyria‚ Phoenicia and Egypt before the system attained full development in Greece and Rome. The books
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Role of Banks and Financial Institutions in Economy Money lending in one form or the other has evolved along with the history of the mankind. Even in the ancient times there are references to the moneylenders. Shakespeare also referred to ‘Shylocks’ who made unreasonable demands in case the loans were not repaid in time along with interest. Indian history is also replete with the instances referring to indigenous money lenders‚ Sahukars and Zamindars involved in the business of money lending by
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Australia’s Role in the Global Economy 2.2 Australia’s Trade and Financial Flows 2.2.1 Value‚ Composition and Direction of Australia’s Trade and Financial Flows International trade has historically played a very significant role in the development of the Australian economy Due to geographical isolation – trade has always represented high proportion of Australia’s economic activity‚ overseas market for Aust.’s primary commodities (agricultural products‚ minerals)‚ imports new technology
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According to Oxford University agriculture is the science or practice of farming‚ including cultivation of the soil for the growing of crops and the rearing of animals to provide food‚ wool‚ and other products (“oxforddictionaries.com”). Agriculture‚ natural resources‚ and related food industries have been important to Florida’s history and remain a significant force in the economy of Florida to this day. Agriculture is an important part of Florida’s economy‚ and still is today because it was an
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In India‚ agriculture was the main source of national income and occupation at the time of Independence. Agriculture plays an essential role in the process of economic development of less developed countries like India. Besides providing food to nation‚ agriculture Releases labour‚ provides saving‚ contributes to market of industrial goods and earns foreign exchange. Indian economy was a backward and agricultural based economy at the time of Independence. After 61 year of Independence‚ the share
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“Marketing‘s role is to ensure the continuance in growth of economies and the individual’s standard of living” ( M.J.Baker‚ 1985). According to the statement given by M.J.Baker‚ Marketing plays a vital role in the economic growth of the country periodically and sustain individuals standard of living. Marketing Definition “Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating‚ offering‚ and exchanging products of value with others”
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Agriculture in the Bhutanese economy The economy of Bhutan‚ one of the world’s smallest and least developed countries‚ is based on agriculture and forestry‚ which provide the main livelihood for more than 60% of the population. Agriculture is the primary source of livelihood for the majority of the people in Bhutan. Approximately 80% of the populations in Bhutan are involved in the agriculture sector and over 95% of the earning women in the country work in the agricultural sector. Agriculture
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How did slaves affect the daily Roman economy? As history has shown slavery has been prevalent around the world for thousands of years‚ however‚ Roman slavery differed vastly‚ as it was not based off of a certain type of people‚ but was a smorgasbord of cultures and people‚ taken to benefit Rome following their victories in war. As with most slaves seen throughout history‚ the slaves of Rome were bought and then worked for their owner usually for their lifetime‚ although there were some who were
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