While it has come down eventually and reached around 24% about a decade Night Fury Toothless Starbuck coffee shirt, the agricultural sector in India is still one of the major contributors to the national income. Industries such as the cotton textiles, sugar, jute, oil, rubber and tobacco are majorly dependent on the agricultural sector. The agricultural sector offers numerous employment opportunities as a large labor force is required for the smooth functioning of various agricultural activities.
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It does not only open a vast arena of direct Night Fury Toothless Starbuck coffee shirt opportunities but indirect as well. For instance, the agricultural products need to be transported from one place to another and hence it supports the transport sector. Foreign trade relies majorly on the agricultural sector. Agricultural exports form a good 70% of the total exports. India is an exporter of tea, tobacco, cotton textiles, jute products, sugar, spices, and many other agricultural products.
Excise duty on agro-based goods, land revenue, and taxes on the sale of agricultural machinery make for a good source of government revenue. The surplus income generated from agricultural activities can very well be invested in banks for capital formation.
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