Explain the impact of Green Revolution on Indian economy in terms of economic development

Effects of Green Revolution on Indian Economy in the form of Economic Development

In the words of Paul Albert , “Economic development is concerned with the main objective. Under which all productive means are used by a country to increase its real income.

There are many agricultural products which are exported by us. In return, we get foreign exchange from them. Tea, oilseeds, tobacco, spices, coffee, cotton, jute, potato, jaggery, onion and cotton clothes etc. are exported by us. In return, we get foreign exchange. Having reserves of foreign exchange is essential for balance of payments and international trade. Thus the Indian economy through agricultureare benefited directly and indirectly. For the development of cottage industries also one has to depend on agricultural products; For example, some laborers work in a potato field at a farmer’s place, so that the farmer makes them produce potatoes at a cheap rate. Those laborers feed their families by making chips from those potatoes. Thus the number of cottage industries is more in India. Spinning yarn, making rugs from yarn, seat making, mat making and rope making etc. come under cottage industries. The paper industry is based on wood. Similarly sugarcane is obtained from agriculture for sugar. Jute (jute) for the jute industry, Sugarcane for sugar industry and raw material for other industries is obtained from agriculture only. Indian agriculture is the mainstay of the Indian economy. Today, many industries get raw material on the basis of agriculture and agriculture indirectly contributes to other industries as well. Physical development is possible only on the basis of agricultural products. Today, the use of wood in the construction of buildings and the use of wood in the construction of paper industry tells the fact that agriculture is at the root of physical and economic development.

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