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Agriculture: Nov 2012

November, 2012

Gross Domestic Product (GDP) of agriculture and allied sectors in India reached US$ 14.7 billion in FY11. The Indian agriculture sector recorded a 2.5 per cent growth in FY12 and it is also the primary source of livelihood for more than 58 per cent of India's population.

Kharif season lasts from April to September (summer); rice (paddy) is the season's main crop. Rabi season lasts from October to March (winter); wheat is the season's main crop.

India is among the 15 leading exporters of agricultural products. The country accounted for 1.7 per cent of global agricultural trade in 2010. India's total agricultural exports increased at a compound annual growth rate (CAGR) of 17.8 per cent to US$ 25 billion in FY11 (provisional estimate) from US$ 13 billion in FY07.

India exported cotton worth US$ 2.7 billion in FY11 (provisional estimate). Oil meals and rice were the next largest export items in terms of value.

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