India's Agriculture GVA crosses Rs 48.7 lakh cr in a decade

India's agriculture and allied sector has recorded significant growth over the past decade, with its gross value added (GVA) more than doubling to Rs 48.7 lakh crore in 2023-24 from Rs 20.9 lakh crore in 2014-15, according to an official statement released on Friday.The sector accounted for nearly 18 per cent of the country's total GVA in 2023-24 and registered a compound annual growth rate (CAGR) of 8.83 per cent at current prices during the period. Crop GVA alone increased from Rs 12.93 lakh crore in 2014-15 to Rs 26.53 lakh crore in 2023-24.
The government attributed the growth to sustained efforts aimed at improving farm productivity, strengthening rural infrastructure, expanding irrigation coverage, increasing access to institutional credit and crop insurance, and promoting allied agricultural activities.According to the official statement, enhanced minimum support price (MSP) operations and procurement mechanisms have improved market assurance for farmers, ensured remunerative prices, and supported the country's food security objectives.The sector has also benefited from wider adoption of digital platforms, cooperative models, food processing initiatives and climate-resilient farming practices, contributing to a more diversified and technology-driven agricultural ecosystem.
Government programmes such as the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) have expanded irrigation facilities and promoted efficient water management, while the Soil Health Card Scheme has encouraged scientific nutrient use. The Rashtriya Gokul Mission has further supported livestock development and dairy productivity through the conservation and improvement of indigenous cattle breeds.India's foodgrain production rose from 265.05 million tonnes in 2013-14 to 357.73 million tonnes in 2024-25, reflecting a substantial increase in agricultural output. Rice production reached a record 150.18 million tonnes during 2024-25, while wheat production touched 117.94 million tonnes, marking growth of 42 per cent and 36 per cent, respectively, over the period.The statement also highlighted progress in reducing dependence on edible oil imports. Import dependence declined from 63.2 per cent in 2015-16 to 56.25 per cent in 2023-24, supported by an expansion of more than 18 per cent in oilseed cultivation area. Oilseed production increased by nearly 55 per cent, while productivity improved by around 31 per cent during the period.
Meanwhile, horticulture production continued its upward trajectory, rising from 280.70 million tonnes in 2013-14 to 369.05 million tonnes in 2024-25. The growth reflects increasing diversification towards high-value crops, supported by improved farming practices, better infrastructure and stronger market demand.