Drop in agriculture’s contribution to GDP

The findings of the Ministry of Statistics and Programme Implementation (MoSPI) suggest that there has been a drop in the share of agriculture, forestry and fishing in India’s gross value added (GVA) from 18.6% in 2013-14 to 17.9% in 2016-17. The report also noted that from 2011-12 to 2016-17, India’s economy grew 8.2% in 2016-17.

It also remarks that India ranks first in the world in arable land, third in production of cereals; second in groundnut, fruits, vegetables, sugarcane, tea; and first in jute. Further, in 2016, India had the largest herds of buffalo and ranked second in cattle. It stood third in sheep; second in goat and sixth in chicken population. It is also the largest producer of milk; third in production of eggs and sixth in production of meat. Among fruits, output was highest for mangoes, followed by banana, according to the report.

Subscribe To Newsletter

Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.