What is the economic importance of plantation?

Economic importance : Most of the plantation crops are export oriented Ex : Cashew nut, beetlevine, Arecanut and Tea. Plantation crops earn foreign exchange for the country and they occupy 75% of the total earnings from the export of the agricultural produce.

What is the role of agriculture in economic development of India?

Over 70 per cent of the rural households depend on agriculture. Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population. Indian agriculture has registered impressive growth over last few decades.

What is the role of agriculture in economic development?

Agriculture provides industrial raw material to a large number of industries (textile ,silk , oil ,sugar, rice, flour mills etc.) As a supplier of raw material ,agricultural sector is of primary significance for the growth of industrial sector in the economy.

What is the scope and the economic importance of plantation crops?

Employment opportunity: Plantation crops provide direct and indirect employment to many people. Eg: Tea- 20 lakhs people- Cashew-5 lakhs people 4. Industrial importance: Production industry supports many byproduct industries and also many rural industries.

Why is plantation agriculture important?

Importance of Plantation Agriculture Plantation agriculture is a type of source of employment. It generates government income through charges and different duties. It provides foreign trade to the economy. This agriculture increases modern development by arranging unrefined substances, mainly agro-based businesses.

What was the purpose of plantations?

A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on.

What is plantation agriculture?

Plantation agriculture is a type of business cultivating where generating profit is a motive by growing crops. The way crops developed for profit implies that large land expected to make plantation farming fruitful. This cultivating found in regions that experience heat and humidity.

What are the important plantation crops of India?

In India, tea, coffee, rubber, sugarcane, banana, etc. are important plantation crops.

Why the plantation crops are exported?

The total area under plantation crops is estimated at 1.65 million hectares. Increasing productivity of the crops is essential for India to remain competitive and increase it exports as the cost of production is seen high when compared to most of the competing origins, Subramanian said.

What are advantages of plantation?

Trees give off oxygen that we need to breathe. Trees reduce the amount of storm water runoff, which reduces erosion and pollution in our waterways and may reduce the effects of flooding. Many species of wildlife depend on trees for habitat. Trees provide food, protection, and homes for many birds and mammals.

What do you understand by plantation economy?

A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops, grown on large farms called plantations. Plantation economies rely on the export of cash crops as a source of income.

What is plantation agriculture very short answer?

Plantation agriculture is a type of commercial farming in which a single crop is grown for the entire year. This type of farming requires large amount of labour and capital. The crop production may be further processed on the farm itself where it is grown or in nearby factories or small scale industries.

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