India’s agriculture and allied sectors have shown robust performance over the past decade, with the Gross Value of Output (GVO) increasing by 54.6% between FY12 and FY24, according to a report released by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI).
The NSO released the annual ‘Statistical Report on Value of Output from Agriculture and Allied Sectors (2011–12 to 2023–24)’ on Friday, offering a comprehensive overview of sector-wise performance at both current and constant prices.
Crop sector dominates GVO share
As per the report, the GVO at constant (2011–12) prices rose from ₹19.08 lakh crore in 2011–12 to ₹29.49 lakh crore in 2023–24.
At current prices, Gross Value Added (GVA) rose by an impressive 225%, from ₹15.02 lakh crore in 2011–12 to ₹48.78 lakh crore in 2023–24.
The crop sector accounted for the largest share of total GVO at constant prices in 2023–24, contributing ₹15.95 lakh crore or 54.1% of the total output.
Cereals, along with fruits and vegetables, made up 52.5% of the total crop GVO.
Paddy and wheat alone represented 85% of the total cereal GVO.
Among the top contributors at the state level, Uttar Pradesh, Madhya Pradesh, Punjab, Telangana, and Haryana collectively accounted for 53% of India’s cereal output in FY24.
Notable trends in fruits, vegetables & floriculture
In the fruit category, a notable shift occurred as bananas overtook mangoes in GVO for the first time since 2011–12.
The GVO of bananas stood at ₹47,000 crore compared to ₹46,100 crore for mangoes in 2023–24.
Mango had been the leading contributor in the fruit group for over a decade.
Among vegetables, potato maintained its top position, with GVO increasing from ₹21,300 crore in FY12 to ₹37,200 crore in FY24.
This steady rise highlights the crop’s enduring relevance in India’s food basket and agro-economy.
Floriculture also demonstrated marked progress, nearly doubling its GVO from ₹17,400 crore in FY12 to ₹28,100 crore in FY24.
This growth reflects increased commercial interest and diversification within India’s horticulture sector.
This detailed report follows the release of national aggregates in the February 2025 National Accounts Statistics and reinforces agriculture’s central role in India’s economic development.
The data is expected to aid policymakers in crafting region-specific strategies for sustainable growth and diversification in the sector.
Also Read: Gautam Adani Reaches Bhubaneswar; Set to Participate In Jagannath Rath Yatra
To read more such news, download Bharat Express news apps
