What is the share of agriculture and allied sector in GDP?

What is the share of agriculture and allied sector in GDP?

Year	Percentage Share of GVA of Agriculture and Allied sector to Total Economy
2018-19	17.6
2019-20	18.4
2020-21	20.2

What was the share of agriculture in GDP 2013 14?

8.2 As a concomitant of growth, the share of agriculture and allied (hereinafter referred as agri) sector in gross domestic product (GDP) declined to 15.2 per cent during the Eleventh Plan and further to 13.9 per cent in 2013-14 (provisional estimates—PE).

What was the share of agriculture and allied sector in the GDP of India in 1950?

“As per latest estimates released by Central Statistics Office (CSO) the share of agricultural products/Agriculture and Allied Sectors in Gross Domestic Product (GDP) of the country was 51.9 per cent in 1950-51, which has now come down to 13.7 per cent in 2012-13 at 2004-05 prices,” Minister of State for Agriculture …

What is the contribution of the agriculture and allied activities in the total GDP of the country?

Share of agriculture and allied sectors in India’s GDP has risen to 17.8% for the fiscal year 2019-20, according to the latest Economic Survey placed in Parliament by Finance Minister Nirmala Sitharaman on Friday.

Which are the allied activities of agriculture?

The important sectors consider include Agriculture, Horticulture, Animal husbandry, Fishery, Soil and water conservation, Poultry, dairy farming, Agriculture Marketing, Milk-fed financial institute and Social forestry.

What is the contribution of agriculture and allied activities in Indian GDP?

Sector-wise GDP of India The services sector accounts for 53.89% of total India’s GVA of 179.15 lakh crore Indian rupees. With GVA of Rs. 46.44 lakh crore, the Industry sector contributes 25.92%. While Agriculture and allied sector share 20.19%.

Which sector has the highest share in GDP in 2013?

services sector
The services sector with an around 57 per cent contribution to the gross domestic product (GDP) in 2013-14, has made rapid strides in the last few years and emerged as the largest and fastest-growing sector of the economy.

In which country is the share of secondary activities more in the GDP?

The share of secondary industries as part of GDP in China is more than in countries such as India (25%), Japan (26%), the U.S. (20%) and Brazil (25%).

What is agriculture contribution to GDP?

As per 2018, agriculture employed more than 50% of the Indian work force and contributed 17–18% to country’s GDP. In 2016, agriculture and allied sectors like animal husbandry, forestry and fisheries accounted for 15.4% of the GDP (gross domestic product) with about 41.49% of the workforce in 2020.

What is the contribution of agriculture and allied sector in India’s GDP?

Today the service sector accounts for almost 54% of Indian GVA of 179.15 lakh crores. The Industry sector lags behind it with 25.92% contribution and the Agriculture sector is at the third place with 20.19% contribution.

What are the Allied economy activities in the agricultural sector?

‘Agriculture and allied’ industry is further divided into several segments, namely: – • Horticulture and its allied sectors (including fruits and vegetables, flowers, plantation crops, spices, aromatic and medicinal plants) • Fisheries sector; animal husbandry and livestock; and sericulture.

What is the share of Agriculture and allied sectors in GDP?

The Economic Survey observes that as per the Provisional Estimates of National Income released by CSO on 29 May 2020, the share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country at current prices is 17.8 per cent for the year 2019-20.

When was last time agri sector had 20 percent share in GDP?

The share of agriculture in GDP increased to 19.9 per cent in 2020-21 from 17.8 per cent in 2019-20. The last time the contribution of the agriculture sector in GDP was at 20 per cent was in 2003-04. This was also the year when the sector clocked 9.5 per cent GDP growth, after the severe drought of 2002 when the growth rate was negative.

What is the share of Agriculture in the national income?

7.2 As per the provisional estimates of national income released by CSO on 29thMay, 2020, the share of agriculture and allied sectors in Gross Value Added (GVA) of the country at current prices is 17.8 per cent for the year 2019-20.

What is the share of Agriculture in GVA in India?

NA- Data not available. 7.3 The share of agriculture and allied sectors in GVA of the country has declined from 18.2 per cent in 2014-15 to 17.8 per cent in 2019-20 (Table 1), an inevitable outcome of a development process in which the relative performance of non-agricultural sectors becomes more dominant.