India’s Agriculture GVA More Than Triples Between FY12 and FY24

India’s agriculture and allied sectors have seen remarkable growth over the last decade, with the gross value added (GVA) more than tripling from FY12 to FY24. This is according to the latest “Statistical Report on Value of Output from Agriculture and Allied Sectors,” released by the Ministry of Statistics and Programme Implementation.

The report reveals that the sector’s GVA jumped from over Rs 1,500 thousand crore in FY12 to more than Rs 4,800 thousand crore in FY24. It also recorded a notable 22 per cent rise in the most recent fiscal year. Agriculture continues to be a critical pillar of the Indian economy, contributing around 16 per cent to the national GDP and supporting nearly 46 per cent of the population.

The gross value of output (GVO) from agriculture and allied sectors also registered a significant increase, growing from approximately Rs 1,900 thousand crore in FY12 to about Rs 3,000 thousand crore in FY24 — a 55 per cent rise.

Crops continue to be the largest contributor to agricultural output, accounting for over 54 per cent of the total GVO. Within this, cereals, fruits, and vegetables together comprise more than half of the share. Paddy and wheat alone represent 85 per cent of the cereal output. In the fruit category, bananas overtook mangoes in FY24, registering a GVO of Rs 47 thousand crore compared to Rs 46.1 thousand crore for mangoes. Potato remains the leading vegetable, with its GVO rising to Rs 37.2 thousand crore from Rs 21.3 thousand crore in FY12.

Among the states, Uttar Pradesh leads with a 17 per cent share in national GVO from agriculture and allied sectors. It is followed by Madhya Pradesh, Punjab, Telangana, and Haryana, which together account for 53 per cent of the country’s total output.

Livestock has also seen robust growth, with GVO increasing from Rs 488 thousand crore in FY12 to Rs 919 thousand crore in FY24. Milk remains the primary product, making up 66 per cent of livestock output, though its share has slightly declined due to rising meat production, which now contributes 24 per cent.

Floriculture has emerged as a rapidly growing segment, with its GVO almost doubling from Rs 17.4 thousand crore to Rs 28.1 thousand crore during the same period, reflecting a shift toward commercial horticulture.

While the report refrains from explaining the reasons behind this growth, experts attribute the progress to improved monsoon seasons, enhanced productivity, and focused government schemes aimed at boosting farm incomes. 

Also Read: India’s Agriculture Output Rises 54.6% Over 12 Years: Report