On the growth front, while service sector has been driving growth for the past several years, acceleration of growth of the economy and its sustenance at higher level critically hinges on the performance of agriculture sector in terms of supply of food and food products, employment of large section of population and providing a large and growing demand base for the other segments of the economy, viz., industry and services.
Given the strong backward and forward linkages of agribusiness with both the industrial and services sector, this sector not only directly contributes to growth but also facilitates growth in the rest of the economy. Also, the growth of agribusiness has the potential to generate gainful employment within the farm sector, which could help in reducing the incidence of underemployment and disguised unemployment in agriculture.