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Agriculture has always been the backbone of the Indian Economy and despite concerted industrialization in the last six decades; agriculture still occupies a place of pride. It provides employment to around 60 percent of the total workforce in the country. The significance of agriculture in India arises also from the fact that the development in agriculture is an essential condition for the development of the national economy. Agriculture sector is the principal source of food for consumption by non-agricultural workers. Therefore, the Indian Economy has undergone structural changes overtime with the anticipated decline in the share of agriculture in GDP, despite a fall in its share from 55.1 percent in 1950-51 to 13.7 in 2012-13. The agriculture has not diminished for two major reasons; first, the country achieved self-sufficiency in food production at the macro level but still is a food deficit country facing massive challenges of high prevalence of malnourished children and high incidence of rural poverty.