Choose if the given statement is true or false:

The agro-based industry will not suffer due to the shortage of raw materials.

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True

False

answer is B.

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Detailed Solution

The given statement is false. The agro-based industry suffers due to the shortage of raw materials. The backbone of the Indian economy has always been agriculture, even though since 1951, its percentage of the GDP has been dropping. Because any fall or stagnation in agriculture would result in a reduction in other economic sectors, which will have broader effects on society, the diminishing percentage of agriculture in the GDP is a severe worry. The area under cultivation is getting smaller every day. Food security will suffer as a result. People are moving from the farm sector to other industries, which would put additional pressure on industry and other sectors. The lack of raw materials will harm the agro-based business. The land will be degraded as a result.

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