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ECONOMY

AGRICULTURE

India is the first in the world in the production of milk, pulses, jute and jute-like fibres, second in rice, wheat, sugarcane, groundnut, vegetables, fruits and cotton production, and is a leading producer of spices and plantation crops as well as livestock, fisheries and poultry. In the past few years Indian agriculture has done remarkably well in terms of output growth, despite weather and price shocks.

Indian agriculture is broadly a story of success. The Eleventh Five Year Plan (2007-12) witnessed an average annual growth of 3.6 per cent in the gross domestic product (GDP) from agriculture and allied sector against a target of 4.0 per cent. While it may appear that the performance of the agriculture and allied sector has fallen short of the target, production has improved remarkably, growing twice as fast as population. India's agricultural exports are booming at a time when many other leading producers are experiencing difficulties. The better agricultural performance is a result of farmers' response to better prices; continued technology gains; and appropriate and timely policies coming together.


Although agriculture, including allied activities,accounted for only 14.1 per cent of the GDP at constant (2004-5) prices in 2011-12, its role in the country's economy is much bigger with its share in total employment according to the 2001 census,continuing to be as high as 58.2 per cent. The declining share of the agriculture and allied sector in the country's GDP is consistent with normal development trajectory of any economy, but fast agricultural growth remains vital for jobs, incomes,and the food security. The growth target for agriculture
in the Twelfth Five Year Plan remains at 4 per cent,as in the Eleventh Five Year Plan.

The rates of growth and share of agriculture and allied activities in the GDP of the country are given below:

(per cent at 2004-05 prices)
S.No.
Item
2009-10
2010-11
2011-12
1
Growth in GDP in Agriculture & Allied Sector
0.8
7.9
3.6
Share of Agriculture & allied sectors in total GDP
14.6
14.5
14.1
Agriculture
12.3
12.3
12.0
Forestry and logging
1.5
1.4
1.4
Fishing
0.8
0.7
0.7
2
Share of agriculture & allied sectors in total Gross Capital Formation (GCF)
7.3
6.2
6.8
Agriculture
6.7
5.6
6.2
Forestry and logging
0.1
0.0
0.1
Fishing
0.5
0.5
0.5
3
GCF in Agriculture and Allied sectors as per cent to GDP of the sector
20.1
18.4
19.8
4
Employment in the agriculture sector as share of total workers (Census 2001)
58.2
Source : Central Statistics Office, Directorate of Economics & Statistics (Department of Agriculture and
Cooperation) and Population Census 2001.



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