India’s agriculture and allied sectors have recorded a significant milestone, with the Gross Value of Output (GVO) reaching ₹29.49 lakh crore at constant prices in FY24, according to the latest data released by the National Statistics Office (NSO). This marks a 54.6% increase from FY12 levels, reflecting the sector’s steady expansion over the past decade.
🌾 Crop Sector Leads the Surge
The crop sector remains the largest contributor, accounting for ₹15.95 lakh crore or 54.1% of the total GVO in FY24. Within this segment:
- Cereals and fruits & vegetables together made up 52.5% of the crop GVO.
- Paddy and wheat alone contributed 85% of the cereal GVO.
- Uttar Pradesh, Madhya Pradesh, Punjab, Telangana, and Haryana collectively contributed nearly 53% of cereal GVO.
🍌 Bananas Overtake Mangoes in Fruit GVO
In a notable shift, bananas (₹47,000 crore) surpassed mangoes (₹46,100 crore) in GVO at constant prices for the first time in FY24. Mango had been the top fruit contributor from FY12 to FY22.
🥔 Potato Tops Vegetable Segment
Potato continues to dominate the vegetable group, with its GVO rising from ₹21,300 crore in FY12 to ₹37,200 crore in FY24. The data also highlights a surge in floriculture, with GVO nearly doubling to ₹28,100 crore, indicating growing commercial interest in horticulture.
📈 GVA Sees 225% Growth at Current Prices
The Gross Value Added (GVA) of agriculture and allied sectors at current prices rose by 225%, from ₹15.02 lakh crore in FY12 to ₹48.78 lakh crore in FY24, underscoring the sector’s robust contribution to the national economy.
📊 About the Report
The findings are part of the NSO’s annual publication, Statistical Report on Value of Output from Agriculture and Allied Sectors (2011–12 to 2023–24). It provides comprehensive data on crop production, livestock, forestry, logging, fishing, and aquaculture, offering insights into both current and constant price trends.
Stay tuned for more updates on India’s agricultural economy.
