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LATEST NEWS UPDATES | Agriculture share in India's 'Gross Value Added' fell to 17.9% in FY17 from 18.6% in FY14 -Kirtika Suneja

Agriculture share in India's 'Gross Value Added' fell to 17.9% in FY17 from 18.6% in FY14 -Kirtika Suneja

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published Published on Oct 2, 2019   modified Modified on Oct 2, 2019
-The Economic Times

The crops sub-sector accounted for nearly 62% of the agriculture and allied sector in 2011-12, which has gradually come down to about 58% in 2016-17.

NEW DELHI:
The share of agriculture, forestry and fishing declined to 17.9% in India’s gross value added (GVA) in 2016-17 from 18.6% in 2013-14, the ministry of statistics and programme implementation (MoSPI) said in a report.

“The share of this sector in overall GVA of the country is showing a declining trend except in the years 2013-14 and 2016-17,” Mo-SPI said in the report on agriculture, forestry and fishing from 2011-12 to 2016-17. India’s economy grew 8.2% in 2016-17.

The crops sub-sector accounted for nearly 62% of the agriculture and allied sector in 2011-12, which has gradually come down to about 58% in 2016-17. Of the 12 sub-sectors of crops, the share of cereals, oilseeds, sugar crops and fibres declined over the five year period. As per the report, India ranks first in the world in arable land (156.46 million hectare), third in production of cereals; second in groundnut, fruits, vegetables, sugarcane, tea; and first in jute.

Worldwide as of 2016, the country had the largest herds of buffalo and ranked second in cattle; third in sheep; second in goat and sixth in chicken population. It is 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.

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The Economic Times, 30 September, 2019, https://economictimes.indiatimes.com/news/economy/agriculture/agriculture-share-in-indias-gross-value-added-fell-to-17-9-in-fy17-from-18-6-in-fy14/articleshow/7


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