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Economic Survey 2020-21: Agriculture

  • IASbaba
  • January 30, 2021
  • 0
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Economic Survey 2020-21: Agriculture

  • According to the Economic Survey, 2020-21The Agriculture and Allied activities clocked a growth of 3.4% at constant prices during 2020-21 (first advance estimate).

Key takeaways

  • As per the Provisional Estimates of National Income released by CSO on 29th May, 2020, the share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country at current prices is 17.8% for the year 2019-20.
  • In the Agriculture year 2019-20 (as per Fourth Advance Estimates), total food grain production in the country is estimated at record 296.65 million tonnes which is higher by 11.44 million tonnes than the production of food grain of 285.21 million tonnes achieved during 2018-19.
  • In 2019-20, the major agricultural and allied export destinations were USA, Saudi Arabia, Iran, Nepal and Bangladesh.
  • The top agriculture and related products exported from India were marine products, basmati rice, buffalo meat, spices, non-basmati rice, cotton raw, oil meals, sugar, castor oil and tea.
  • Livestock sector contributed 4.19% of total GVA in 2018-19.
  • During the last 5 years ending 2018-19, Food Processing Industries (FPI) sector has been growing at an Average Annual Growth Rate (AAGR) of around 9.99% as compared to around 3.12% in Agriculture and 8.25% in Manufacturing at 2011-12 prices.

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