India's agriculture and allied sectors contribute around 17-18% to GDP and employ over 50% of the workforce. Valued at ₹19.3 trillion (2023-24), it is a crucial sector, driving both domestic growth and exports, especially in rice, spices, and fruits.
Why Invest in the Agriculture & Allied Sector
- Market Growth: Rising demand for food products and innovations in agri-tech are propelling the sector.
- Government Support: Schemes like PM-KISAN and Pradhan Mantri Fasal Bima Yojana are focused on increasing farmers' income.
- Technological Advancements: Precision farming, AI, and drones are improving productivity.
Incentives & Schemes
- PM-KISAN Scheme: ₹75,000 crore for income support to farmers.
- Atmanirbhar Bharat Abhiyan: ₹1 lakh crore to strengthen agri-infrastructure.
- Pradhan Mantri Fasal Bima Yojana: Crop insurance to mitigate risks.
Highlights
- Technology Transformation: Adoption of advanced techniques is enhancing agricultural productivity.
- Export Growth: Rising global demand is fueling a consistent increase in agricultural exports.
- Government Support: Policies and initiatives are driving modernization and growth in the sector.
Agriculture & Allied Sector Data
| Category |
Details |
| Total Agricultural Output |
₹19.3 trillion (2023-24) |
| Workforce Employed |
Over 50% of India’s workforce |
| Food Grain Production |
300 million tons (2023-24) |
| Agricultural Exports |
$45 billion in 2023 |
| Crop Insurance Coverag |
10.8 million farmers covered |
| Organic Farming Area |
3.5 million hectares (2023) |
| Agritech Market Size |
Expected to reach $24.1 billion by 2025 |
| FDI in Agriculture Sector |
Over $3 billion since 2010 |
| Horticulture Production |
300 million tons annually |
| Irrigation Coverage |
65% of total cultivated area |
