Rural Development

Indian Economy

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Consider the following statements regarding Rural Economy

Two thirds of rural income is now generated in non-agricultural activities.
According to the economic Survey 2022-23, 47% of the population is dependent on agriculture for livelihood.

Select the correct statement.

1 only

2 only

Both

None

Explanation:

As per the Economic Survey 2022-23, 65% of India’s population lives in the rural areas and 47% of the population is dependent on agriculture for livelihood.

Contrary to the common perception about predominance of agriculture in the rural economy, about two thirds of rural income is now generated in nonagricultural activities.
According to the Economic Survey, the agriculture sector has grown at an average annual growth rate of 4.6% in the past six years. However, agriculture and rural incomes are under stress for several reasons.

Hence both statements are correct.

By: Abhipedia

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