Question : Share of Agricultural Sector in GDP

(a) whether the share of agricultural sector has increased in the Gross Domestic Product of the country over the years;

(b) if so, the details thereof along with the estimate of the said share during the years 2014-2015 and 2018-2019;

(c) whether there is a difference in the quantum of increase in gross domestic product and in the quality of agricultural production; and

(d) if so, the reaction of the Government in this regard?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND FARMERS WELFARE

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(a) & (b): As per the estimates released by Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation on 28th November, 2018, the share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country has declined from 18.2% in 2014-15 to 17.1% in 2017-18 at current prices. The share of GVA of agriculture and allied sector to GVA of Total economy for the last four years at current prices is given as under:

( in percent)
Year Share of GVA of Agriculture and Allied sector to Total Economy
2014-15 18.2
2015-16 17.7
2016-17 17.9
2017-18 17.1
2018-19* NA
Source: Central Statistics Office (CSO), M/o Statistics & PI
Note: * GVA data for 2018-19 has not been released by CSO, MoSPI

Contdā€¦.2/-


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(c) & (d): Gross Domestic Product (GDP) is the quantitative measure of a nation''s total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation''s geographic borders over a specified period of time. GVA does not capture the quality of agricultural production.

As per the estimates released by CSO, on 28th November, 2018, growth rate of GVA of the total economy and agriculture & allied sectors from 2014-15 to 2017-18 at 2011-12 prices is as detailed below:

(%)
Year GVA of Total Economy GVA of Agriculture & Allied sector
2014-15 7.2 -0.2
2015-16 8.1 0.6
2016-17 7.1 6.3
2017-18 6.5 3.4
Source: Central Statistics Office (CSO), M/o Statistics & PI

As per the Fourth Advance estimates of production of food grains 2017-18, production of food grains is estimated at 284.83 Million Tonnes in 2017-18 as compared to 252.02 Million Tonnes in 2014-15. Government of India has been implementing various schemes like National Food Security Mission (NFSM), Paramparagat Krishi Vikas Yojana (PKVY), Rashtriya Krishi Vikas Yojana (RKVY), Soil Health Management Scheme (SHM) to increase the production and productivity of agriculture crops.




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