Impact of Unorganized Sector in Indian Economy Sindhuja R.1, Renuka S.2, Sivakumar B.3, Lissy N. S.1 1Assistant Professor, Department of Commerce CA, VLB Janakiammal College of Arts and Science, Coimbatore 2Research Scholar, Bharathiar University, Coimbatore, Tamilnadu, India 3Head of Department & Assistant Professor, Department of Commerce, VLB Janakiammal College of Arts and Science, Coimbatore. Tamilnadu, India Online published on 16 March, 2018. Abstract Agriculture is the backbone of Indian economy and it accounts for almost 14% of India's gross domestic product (GDP). Agriculture is an important sector, which determines growth and sustainability and plays a vital role in the development of India, with over 60 percent of the country's population deriving their subsistence from it. Most of the rural population in India depends on agricultural practices for employment and livelihood. Indian economy in agriculture has shown a steady growth in the last two decades. the economy is also experiencing regular changes in its demographics, lifestyle, and domestic consumption. the agriculture industry in India is growing at a great pace and is expected to grow many folds in the near future. After globalization almost every country in Asia welcome foreign direct investments in many sectors and it is growing its limits steadily. Being an agrarian developing country India is not an exception, like all other countries India also allowed FDI in various sectors including agriculture. FDIs have been playing an important role in promoting economic growth, triggering technological transfer and creating employment opportunities. Increased economic growth reduces poverty and raises the living standards. Top Keywords Agriculture, Economy, manufacturing, enterprises, kirana store. Top |