**Executive Summary**
This report details the significant growth in the Agriculture & Allied Sector GVA, projected to more than double to ₹48.77 Lakh Crore by 2023-24. It also highlights a continuous rise in foodgrain production, with an estimated 3.6% compound annual growth. The information was presented by the Minister of State for Agriculture and Farmers Welfare in Lok Sabha.
**Key Points / Main Content**
* **GVA Growth and Projections:**
* The Agriculture & Allied Sector contributes approximately 18% to the total GVA.
* GVA for the sector is estimated to reach ₹48,77,867 Crore in 2023-24, a substantial increase from ₹20,93,612 Crore in 2014-15.
* A compound annual growth rate of 8.83% at current prices is recorded for the period 2014-15 to 2023-24.
* The GVA of Agriculture & Allied Sector is further projected at ₹52,08,800 crore for 2025-26, with a growth of 2.4%.
* **Sectoral Contributions to GVA:**
* Livestock, Crops, and Fishing & Aquaculture constitute 30.87%, 54.39%, and 7.55% of the agriculture & allied sector GVA, respectively.
* GVA for Livestock is projected to increase from ₹5,10,411 crore (2014-15) to ₹15,05,615 crore (2023-24).
* GVA for Crops is expected to rise from ₹12,92,874 crore (2014-15) to ₹26,52,891 crore (2023-24).
* GVA for Fishing & Aquaculture is set to increase from ₹11,65,67 crore (2014-15) to ₹36,81,24 crore (2023-24).
* **Foodgrain Production Trends:**
* Foodgrain production has been increasing over the last decade.
* Estimated foodgrain production rose from 2515.42 LMT (2015-16) to 3577.32 LMT (2024-25), showing a compound annual growth of approximately 3.6%.
* First advance estimates for kharif crops in 2025-26 project a record kharif foodgrain production of 1733.30 LMT.
* **Agricultural Household Income:**
* The average monthly income per agricultural household in rural areas was estimated at ₹10,218 in 2018-19 (NSS 77th round).
* This income is derived from sources including crop production, animal farming, wages, non-farm business, and land leasing.
* The average monthly income per agricultural household increased from ₹6,426 in 2012-13 (NSS 70th round) to ₹10,218 in 2018-19 (NSS 77th round).
**Impact Analysis**
**Stakeholders Impacted**
* **Ministry of Agriculture & Farmers Welfare**
* **Impact:** The data provides key metrics for assessing the performance and growth of the agriculture and allied sectors under their purview. It offers quantifiable evidence of economic progress in this domain.
* **Action Required:** Continue to monitor and analyze these trends to inform policy decisions and program implementations.
* **Ministry of Statistics and Programme Implementation (MoS&PI) / National Statistics Office (NSO)**
* **Impact:** Responsible for collecting and disseminating the data presented, this Ministry is directly involved in the generation of these GVA and income statistics.
* **Action Required:** Continue to conduct and publish the "Situation Assessment Survey (SAS) if Agricultural Household" and provide timely GVA estimates.
* **Farmers and Agricultural Households**
* **Impact:** The projected increase in GVA and foodgrain production indicates potential for improved economic returns and stability. The rise in average monthly income reflects a positive trend in their financial well-being.
* **Action Required:** To leverage the growth trends and potential opportunities within the agriculture and allied sectors.
* **Investors and Financial Institutions**
* **Impact:** The strong growth projections and positive income trends may signal increased investment opportunities and reduced financial risks within the agriculture and allied sectors.
* **Action Required:** Consider these growth indicators when making investment decisions and assessing creditworthiness for agricultural ventures.
* **Policy Makers and Government Bodies**
* **Impact:** The data serves as crucial evidence for evaluating the effectiveness of agricultural policies and for formulating future strategies to support sector growth and rural development.
* **Action Required:** Utilize these findings to refine agricultural policies, support programs, and ensure continued economic development in the sector.
Key Entities Referenced
Ministry of Agriculture & Farmers Welfare: The government ministry responsible for policies and programs related to agriculture and farmers' welfare in India.
Ministry of Statistics and Programme Implementation (MoS&PI): The government ministry responsible for national statistics and program implementation, including releasing GVA estimates.
National Statistics Office (NSO): A government office under MoS&PI that conducts surveys, including the 'Situation Assessment Survey (SAS) if Agricultural Household'.
Situation Assessment Survey (SAS) if Agricultural Household: A periodic survey conducted by the NSO to estimate the average monthly income of agricultural households.
NSS 77th round: The 77th round of the National Sample Survey, which provided data on agricultural household income from January to December 2019.
Ministry of Agriculture & Farmers Welfare
Agriculture & Allied Sector GVA More Than
Doubles to ₹48.77 Lakh Crore in 2023-24;
Foodgrain Production Continues to Rise
Posted On: 10 MAR 2026 6:12PM by PIB Delhi
As per the latest estimates of GVA released by the Ministry of Statistics and Programme Implementation
(MoS&PI), the composition of Agriculture & Allied Sector in total GVA is about 18%. Further, as per the
National Accounts Statistics, the GVA of agriculture and Allied sector for 2014-15 is estimated at Rs.
20,93,612 Crore and for 2023-24 it is estimated at Rs. 48,77,867 Crore. Agriculture and Allied sector has
recorded compound annual growth of 8.83 % for the period 2014-15 to 2023-24 at current prices.
As per the National Accounts Statistics, the share of Livestock, Crops and fishing & aquaculture in
agriculture & allied sector stands at 30.87%, 54.39% and 7.55%, respectively. The GVA of the Livestock
for 2014-15 was estimated at ₹5,10,411 crore which has increased to ₹15,05,615 crore in 2023-24. The
GVA of Crops for 2014-15 was estimated at ₹12,92,874 crore which has increased to ₹26,52,891 crore in
2023-24 Similarly, the GVA of the Fishing & Aquaculture has increased from ₹11,65,67 crore in 2014-15
to ₹36,81,24 crore in 2023-24.
The production of foodgrain has been increasing during the last 10 years in the country. For 2015-16 the
total foodgrain production in the country was estimated at 2515.42 LMT which has increased to 3577.32
LMT during 2024-25, registering a compound annual growth of approx. 3.6%. Further, as per First
advance estimates for 2025-26 for kharif crops the kharif foodgrain production is estimated at record
1733.30 LMT.
As per the Second Advance Estimates of Annual GDP for 2025-26, the GVA of Agriculture & Allied
Sector is estimated at 52,08,800 crore registering a growth of 2.4%.
The average monthly income of agricultural households in the country is periodically estimated through
the “Situation Assessment Survey (SAS) if Agricultural Household”, conducted by National Statistics
Office (NSO), Ministry of Statistics and Programme implementation (MoSPI).
As per the latest NSS 77th round of Survey( January, 2019 – December, 2019) in the rural areas of the
country, the average monthly income per agricultural household from various sources including crop
production, farming of animals, wages, non-farm business and leasing out of land is estimated at Rs.
10,218/- per month. The contribution of these sources varies across States depending on local agro-
climatic conditions, farm size, and cropping patterns. According to these surveys, the estimated average
monthly income per agricultural household increased from ₹6,426 in 2012-13 (NSS 70th round) to
₹10,218 in 2018 -19 (NSS 77th round).
This information was given by Minister of State for Agriculture and Farmers Welfare, Shri Bhagirath
Chaudhary in a written reply in Lok Sabha today.
*****RC/PU/DK
(Release ID: 2237739) Visitor Counter : 71