Agriculture and Allied Industries
India has the 10th largest arable land resources in the world.

Indian Agriculture Industry Analysis

Latest update: July, 2018

  • Gross Value Added by agriculture, forestry and fishing is estimated at Rs 17.67 trillion (US$ 274.23 billion) in FY18*.
  • Agriculture and allied sector’s GVA at constant 2011-12 prices grew a CAGR of 2.75 per cent between FY12-18.
  • Agriculture is the primary source of livelihood for about 58 per cent of India’s population.
  • As per Union Budget 2018-19, allocation of Rs 57,600 crore (US$ 8.9 billion) was made for The Agriculture Ministry.
Growth

Notes: GDP – Gross Domestic Product, MOSPI – Ministry of Statistics and Programme Implementation, * 1st revised estimates, ** 2nd advance estimates
Source: Ministry of Agriculture, Print Release, RBI, Aranca Research, MOSPI, Central Statistics Office (CSO)

  • India is among the 15 leading exporters of agricultural products in the world.
  • Total agricultural exports from India grew at a CAGR of 16.45 per cent over FY10-18 to reach US$ 38.21 billion in FY18.
  • The contribution of agriculture to total export was 12.26 per cent in FY17.
  • Tea exports from India reached a 36 year high of 240.68 million kgs in CY 2017
Growth

Notes: CAGR - Compound Annual Growth Rate, FY18* - up to January 2018, 1_Principal Agriculture commodities, CY Calendar Year
Source: Ministry of Commerce, World Trade Organisation, Indian Budget 2016, APEDA, Business Standard, DGCIS

Last Updated: July, 2018

India has the 10th-largest arable land resources in the world. With 20 agri-climatic regions, all 15 major climates in the world exist in India. The country also possesses 46 of the 60 soil types in the world. India is the largest producer of spices, pulses, milk, tea, cashew and jute; and the second largest producer of wheat, rice, fruits and vegetables, sugarcane, cotton and oilseeds. Further, India is second in global production of fruits and vegetables, and is the largest producer of mango and banana.

During 2017-18 crop year, food grain production is estimated at 279.51 million tonnes, as per third advance estimates while rice and wheat production in the country is estimated at 111.52 MT and 98.61 MT, respectively in the same period. Milk production was estimated at 165.4 million tonnes during FY17, while meat production was 7.4 million tonnes. Production of horticulture crops is estimated at record 307.16 million tonnes (mt) in 2017-18 as per second advance estimates. India is among the 15 leading exporters of agricultural products in the world. Agricultural exports from India reached US$ 38.21 billion in FY18 and US$ 6.43 billion in April-May 2018. Exports of ready to eat items from India reached US$ 689.80 million in FY18. The Government of India is aiming to achieve US$ 60 billion in agricultural exports by 2022.

The Electronic National Agriculture Market (eNAM) was launched in April 2016 to create a unified national market for agricultural commodities by networking existing Agriculture Produce Marketing Committees (APMCs). Up to May 2018, 9.87 million farmers, 109,725 traders were registered on the e- NAM platform. 585 mandis in India have been linked while 415 additional mandis will be linked in 2018- 19 and 2019-20. Cumulative trade on the platform reached Rs 41,855 crore (US$ 6.49 billion) by March 2018. Under Union Budget 2018-19, an Agri-Market Infrastructure Fund was announced to develop and upgrade the infrastructure in 22,000 Grameen Agricultural Markets (GrAMs) and 585 APMCs. 42 mega food parks have been sanctioned as of 2017.

The Government of India has introduced several projects to assist the agriculture sector. They are Pradhanmantri Gram Sinchai Yojana: The scheme aims to irrigate the field of every farmer and improving water use efficiency to achieve the motto `Per Drop More Crop’. Overall the scheme ensures improved access to irrigation. Around 285 new irrigation projects will be undertaken in 2018 to provide irrigation for 18.8 million hectares of land. As per Union Budget 2018-19 the scheme has been allocated US$ 401.6 million.

Paramparagat Krishi Vikas Yojana (PKVY): The scheme aims to motivate groups of farmers to take up organic farming.

Indian Agriculture and Allied Industries Report (July, 2018)

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Indian Agriculture and Allied Industries Report (June, 2018)

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