Agriculture provides significant
support for economic growth and social transformation
of the country. As one of the world’s largest
agrarian economies, the agriculture sector (including
allied activities) in India accounted for 14.5 per cent of gross domestic product (GDP) at 2004-05 prices, in 2010-11 as compared to 14.7 per cent in 2009-10.In terms of
composition, out of the total share of 14.5 per cent
that agriculture and allied sectors had in GDP in
2010-11, agriculture alone accounted for 12.3 per
cent, followed by forestry and logging at 1.4 per cent
and fishing at 0.7 per cent.
Timely and corrective measures taken by the government helped boost
agricultural production and growth in agriculture and
allied sectors reached 7.0 per cent in 2010-11, the
highest growth rate achieved during the last six years.
In 2011-12 agriculture and allied sectors are
estimated to achieve a growth rate of 2.5 per cent.
As a proportion of the value added by agriculture
to GDP, Gross Capital Formation (GCF) in agriculture
and allied sectors rose to 20.1 per cent in 2010-11
from 13.5 per cent in 2004-05 at 2004-05 prices which is a positive trend.
The rates
of growth and share of agriculture and allied
activities in the GDP of the country are given
below:
Agriculture
sector: Key indicators
Figures in Percentage (%)
S.No.
Item
2009-10
2010-11
2011-12*
1
GDP- Share and Growth (at 2004-05 prices)
Growth in GDP in agriculture & allied sectors
1.0
7.0
2.5
Share in GDP-agriculture and allied sectors
14.7
14.5
13.9
Agriculture
12.4
12.3
-
Forestry and logging
1.5
1.4
-
Fishing
0.8
0.7
-
2
Share in total gross capital formation in the Country (at 2004-05 prices)
-
Share of agriculture & allied sectors in total gross capital formation
7.1
7.2
-
Agriculture
6.6
6.6
-
Forestry and logging
0.1
0.1
-
Fishing
0.5
0.5
-
3
Employment in the agriculture sector as share of total workers as per census 2001
58.2
-
*AE=Advance Estimates
Source : Central
Statistical Organization (CSO) and Department
of Agriculture and Cooperation.
