NEW DELHI: Share of agriculture in India’s GDP declined to fifteen per cent final fiscal 12 months from 35 per cent in 1990-91 because of fast progress within the industrial and repair sector, the federal government knowledgeable on Tuesday.
“The share of agriculture in complete Gross Worth Added (GVA) of economic system has declined from 35% in 1990-91 to fifteen% in 2022-23. The decline is introduced out not by the decline in agricultural GVA however a fast enlargement in industrial and repair sector GVA,” Union agriculture minister Arjun Munda mentioned in a written reply to Lok Sabha.
“In progress phrases, agriculture and allied sector has registered a median annual progress of 4 per cent throughout final 5 years. So far as world expertise is worried, share of agriculture on the planet’s GDP has additionally declined over the many years and stands at about 4 per cent lately,” he added.
The minister mentioned the federal government has adopted/carried out a number of developmental programmes, schemes, reforms and insurance policies in the direction of growing agricultural productiveness, enhancing useful resource use effectivity, selling sustainable agriculture, strengthening infrastructure and guaranteeing remunerative costs to farmers.
He highlighted that the PM-Kisan scheme was launched in 2019. It’s an revenue assist scheme offering Rs 6,000 per 12 months in three equal instalments.
“Greater than Rs 2.81 lakh crore has been launched to this point to greater than 11 crore farmers as on November 30, 2023,” Munda mentioned.
“The share of agriculture in complete Gross Worth Added (GVA) of economic system has declined from 35% in 1990-91 to fifteen% in 2022-23. The decline is introduced out not by the decline in agricultural GVA however a fast enlargement in industrial and repair sector GVA,” Union agriculture minister Arjun Munda mentioned in a written reply to Lok Sabha.
“In progress phrases, agriculture and allied sector has registered a median annual progress of 4 per cent throughout final 5 years. So far as world expertise is worried, share of agriculture on the planet’s GDP has additionally declined over the many years and stands at about 4 per cent lately,” he added.
The minister mentioned the federal government has adopted/carried out a number of developmental programmes, schemes, reforms and insurance policies in the direction of growing agricultural productiveness, enhancing useful resource use effectivity, selling sustainable agriculture, strengthening infrastructure and guaranteeing remunerative costs to farmers.
He highlighted that the PM-Kisan scheme was launched in 2019. It’s an revenue assist scheme offering Rs 6,000 per 12 months in three equal instalments.
“Greater than Rs 2.81 lakh crore has been launched to this point to greater than 11 crore farmers as on November 30, 2023,” Munda mentioned.
