State the economic importance of oilseeds.

The economic importance of oilseeds are:

1. India has the largest area in production of oilseeds.
2. The measure oilseeds occupy nearly 20% of the net sown area.
3. The oil extracted from oilseeds constitutes an important part of our diet as edible oils. It is also used as raw material for manufacturing various items of economic importance such as paints, varnishes, soaps, cosmetic items, medicinal items, lubricants, perfumes, etc.
4. The residue of edible oilseeds forms an important part of cattle feed and manure.
5. The oil industry offers employment to millions of people.