Agriculture in Indian and World Economy

Agriculture is an important sector in the developing world. It contributes to economic growth and development as well as a major employer to majority of the people of Sub-Saharan Africa including Nigeria, especially those in the rural areas and other developed nations of the world.

Contribution of agriculture in an economy is judged by the value of the total quantity of output in the Net National Product (NNP). A ratio between the output of agricultural sector and the output of non-agricultural sector in the NNP furnishes reasonable evidence of the nature of economy and its stage of development.