New Delhi, June 5: India’s agricultural sector and its allied industries have seen a remarkable increase in Gross Value Added (GVA), rising from ₹20.9 lakh crore in 2014-15 to ₹48.7 lakh crore in 2023-24. This growth accounts for approximately 18% of the country’s total GVA. The surge is attributed to increased government investment and stable policies, as stated in an official announcement on Friday.
During the review period, the agricultural sector recorded a compound annual growth rate of 8.83% at current prices. The GVA for crops alone jumped from ₹12,92,874 crore in 2014-15 to ₹26,52,891 crore in 2023-24.
The statement highlighted that over the past 12 years, there has been significant progress in empowering farmers within India’s agricultural sector. The focus has shifted from welfare assistance to enhancing productivity, income security, market access, infrastructure, and institutional resilience.
Factors contributing to this transformation include increased agricultural production, expanded irrigation systems, improved access to credit, strengthened insurance coverage, and growth in allied sectors. Additionally, the expansion of Minimum Support Price (MSP) operations and procurement systems has bolstered market stability, ensured profitable prices, and supported national food security objectives.
The government further noted that digital platforms, cooperatives, food processing, and climate-resilient initiatives have created new opportunities within the agricultural value chain. These developments reflect a gradual shift towards a more diverse, technology-driven, and farmer-centric agricultural system.
The Pradhan Mantri Krishi Sinchai Yojana (PMKSY) has expanded irrigation coverage and promoted water-use efficiency. The Soil Health Card Scheme has enabled scientific nutrient management, while the National Gokul Mission has supported indigenous breeds and milk production.
Total food grain production increased from 265.05 million tons in 2013-14 to 357.73 million tons in 2024-25, with record outputs of rice at 150.18 million tons and wheat at 117.94 million tons, reflecting increases of 42% and 36%, respectively.
Dependence on imported edible oils has decreased from 63.2% in 2015-16 to 56.25% in 2023-24, indicating steady progress. During this period, the area under oilseeds increased by over 18%, with production rising by approximately 55% and productivity improving by around 31%.
Horticultural production also grew from 280.70 million tons in 2013-14 to 369.05 million tons in 2024-25, supported by better agricultural practices and a shift towards high-value crops driven by market demand.
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