Home India Ministry of Finance AGRICULTURE WILL BE CENTRAL TO ACHIEVING VIKSIT BHARAT, DRIV...
Date: 2026-01-29 Category: Press Release State: Union Government Country: India

AGRICULTURE WILL BE CENTRAL TO ACHIEVING VIKSIT BHARAT, DRIVING INCLUSIVE GROWTH AND IMPROVING THE LIVELIHOODS OF MILLIONS: ECONOMIC SURVEY

Issued by Ministry of Finance · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** The Economic Survey 2025-26, tabled in Parliament, highlights the central role of agriculture in achieving "Viksit Bharat," driving inclusive growth, and improving livelihoods. The survey reports a 4.4% average annual growth rate in the agriculture sector over the past five years. It emphasizes the significant contributions of allied sectors like livestock, fisheries, and horticulture to agricultural growth and rural livelihoods. The survey was released on January 29, 2026. **Key Points / Main Content** * **Overall Agricultural Growth:** * The average annual growth rate in the agriculture sector has been 4.4% over the past 5 years. * Decadal growth from FY16 to FY25 is 4.45%, the highest compared to previous decades. * In Q2 of FY 2025-26, the agriculture sector registered a growth of 3.5 per cent. * **Food Grain Production:** * Food grain production reached a record high of 3,577.3 LMT in FY 2024-25, an increase of 254.3 LMT over the previous year. * India’s foodgrain production is estimated to have reached 3,577.3 lakh metric tonnes (LMT) in Agriculture Year (AY) 2024–25. * **Horticulture Sector:** * Horticulture accounts for approximately 33% of agricultural GVA. * Horticulture production reached 362.08 MT in 2024-25, surpassing the estimated food grain production. * Horticulture production increased from 280.70 million tonnes in 2013-14 to 367.72 million tonnes in 2024-25. * **Allied Sectors (Livestock, Fisheries):** * The livestock sector witnessed a strong growth, with GVA rising by nearly 195% between FY15 and FY24. * Fish production increased by more than 140% during 2014-2024. **Impact Analysis** **Key Stakeholders:** Indian Farmers & Rural Communities **Impact:** Enhanced income opportunities and strengthened rural livelihoods due to increased production and contributions from the agriculture sector, particularly in allied areas like livestock, fisheries, and horticulture. **Action Required:** Continue focusing on increasing agricultural production and value, particularly in key sectors such as dairy, poultry, fisheries, and horticulture, to collectively contribute significantly to the country's GDP.

Key Entities Referenced

Economic Survey: A document presented to Parliament by the Ministry of Finance providing an overview of the Indian economy and its various sectors. Agriculture: Central to the economic growth and rural livelihoods. Viksit Bharat: A national initiative focused on India's development. Ministry of Finance: The ministry responsible for the Economic Survey and fiscal policies.
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Ministry of Finance AGRICULTURE WILL BE CENTRAL TO ACHIEVING VIKSIT BHARAT, DRIVING INCLUSIVE GROWTH AND IMPROVING THE LIVELIHOODS OF MILLIONS: ECONOMIC SURVEY THE AVERAGE ANNUAL GROWTH RATE IN AGRICULTURE SECTOR HAS BEEN 4.4% OVER THE PAST 5 YEARS DECADAL GROWTH OF 4.45 PER CENT FROM FY16 TO FY25; HIGHEST IN COMPARISON TO PREVIOUS DECADES FOOD GRAIN PRODUCTION REACHES A RECORD HIGH OF 3,577.3 LAKH MILLION TONNES (LMT) IN FY 2024-25 HORTICULTURE SECTOR EMERGES AS BRIGHT SPOT WITH APPROXIMATELY 33% OF AGRICULTURAL GVA. PRODUCTION INCREASED FROM 280.70 MILLION TONNES IN 2013–14 TO 367.72 MILLION TONNES IN 2024-25. प्रव तथ: 29 JAN 2026 2:03PM by PIB Delhi Indian Agriculture has demonstrated resilience, registering steady growth with major growth coming from the Allied sector states the Economic Survey 2025-26 tabled in Parliament today by the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman. It adds that while food grain production has increased in recent years, higher-value allied sectors, such as livestock, fisheries, and horticulture, are assuming an increasingly important role in enhancing income opportunities and strengthening rural livelihoods.The Survey notes that over the last five years, the average annual growth rate in the agriculture and allied sector has been around 4.4 per cent at constant prices. In Q2 of FY 2025-26, the agriculture sector registered a growth of 3.5 per cent. The decadal growth of 4.45 per cent (FY16-FY25), the highest in comparison to previous decades, has primarily resulted from the strong performance in livestock (7.1 per cent) and fishing and aquaculture (8.8 per cent), followed by the crop sector at 3.5 per cent During FY 15 and FY24 the livestock sector recorded a strong expansion, with its GVA increasing by nearly 195 per cent, registering a compound annual growth rate (CAGR) of 12.77 per cent at current prices. The fisheries sector has also performed well, with fish production increasing by more than 140 per cent (by 88.14 lakh tons) during 2014-2025, compared to the increase from 2004-14 Thus, allied sectors are increasingly emerging as important growth engines and key contributors to enhancing farm incomes. India’s foodgrains production has witnessed a steady increase, estimated to have reached 3,577.3 lakh metric tonnes (LMT) in Agriculture Year (AY) 2024–25, an increase of 254.3 LMT over the previous year. This growth has been driven by higher output of rice, wheat, maize and coarse cereals (Shree Anna). The horticulture sector, which accounts for approximately 33 per cent of agricultural GVA, has emerged as a bright spot in the country's agricultural growth trajectory. In 2024-25, horticulture production reached 362.08 MT, surpassing the estimated food grain production of 329.68 MT. As of August 2025, horticulture production increased from 280.70 million tonnes in 2013–14 to 367.72 million tonnes in 2024–25. This expansion has been broad-based, comprising 114.51 million tonnes of fruits, 219.67 million tonnes of vegetables, and 33.54 million tonnes from other horticultural crops, highlighting the sector’s growing contribution to agricultural output and value. In addition, the country is the world’s largest producer of dry onions, contributing nearly 25 per cent of global output. India also ranks second worldwide in the production of vegetables, fruits, and potatoes, accounting for around 12-13 per cent of global output in each category.These achievements underscoreIndia’s strong presence in horticulture, its growing role in meeting global food demand, and the opportunities in high-value crop production. The Survey concludes by mentioning that Agriculture will be central to achieving Viksit Bharat, driving inclusive growth and improving the livelihoods of millions. India has made notable progress in increasing agricultural production, particularly in key sectors such as dairy, poultry, fisheries, and horticulture, which collectively contribute significantly to the country's GDP *** NB/RC/RK (रलीज़ आईडी: 2219960) आगंतुक पटल : 541 इस वज्ञ को इन भाषाओ ंम पढ़: Marathi , Urdu , ही , Bengali , Gujarati , Odia , Tamil , Telugu , Kannada , Malayalam

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