Positive correlations with increase in farm income have been established through studies in the case of sale of large variety of products like shampoos, soaps, bicycles, televisions, radios etc.
On the supply side, increased agricultural output naturally results in more marketable surplus of cereals, fruits, meat, eggs, vegetables etc.
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There are 234 legislative districts in the country, each composed of about 250,000 people.
There are also party-list representatives elected through the party-list system who constitute not more than twenty percent of the total number of representatives.
The health of the Indian economy is closely linked to that of the agricultural sector.
Agriculture constitutes about 22 % of the GDP of the country and hence a drop in agriculture production by 4.5 % will necessarily translate as 1 percentage point drop in GDP. There are several demand and supply side linkages that are affected by the changes in agricultural production.
If you do not agree to these terms, you should not use this site.Since 70 % of the population are directly or indirectly dependent on agriculture, their purchasing power is determined by the performance of the sector.Thus increases in agricultural production will mean increased rural income that will then result in greater demand for the goods and services produced by the secondary and tertiary sector.In effect, a property right in current consumption is exchanged for a property right in future consumption.From the lenders point of view this involves two risks, namely, that the borrower will be unable to repay (the use made of the funds is less productive than anticipated perhaps due to unfavourable weather or lower market pricesa.