India’s Agricultural GVA Triples Between FY12 & FY24; Shows New Government Report

India’s agriculture and allied sectors have recorded significant growth over the past decade, with gross value added (GVA) expanding more than threefold from ₹1,500 thousand crore in FY12 to over ₹4,800 thousand crore in FY24.

The data, published in the Ministry of Statistics and Programme Implementation’s ‘Statistical Report on Value of Output from Agriculture and Allied Sectors’, reaffirms the sector’s central role in the Indian economy, where it contributes nearly 16 per cent of GDP and supports over 46 per cent of the population.

The gross value of output (GVO) rose sharply as well, increasing from ₹1,900 thousand crore in FY12 to ₹3,000 thousand crore in FY24 — a rise of 55 per cent.

Although the report refrains from offering interpretive commentary, agricultural experts have attributed the gains to favourable climatic conditions and effective implementation of government schemes aimed at increasing yield and farm income.

Crop production leads the contribution

Crop output remains the dominant contributor, forming over 54 per cent of the total GVO.

Within this, cereals and fruits & vegetables together account for more than half.

Notably, paddy and wheat comprise 85 per cent of the cereal segment, underlining their importance in India’s food grain security.

Uttar Pradesh emerges as the top-performing state, contributing 17 per cent to the national agricultural GVO.

It is followed by Madhya Pradesh, Punjab, Telangana, and Haryana, which together produce over half of the country’s agricultural output.

This highlights the regional concentration of productivity and infrastructure in key agrarian states.

Banana overtakes mango

The report notes a shift in the fruit segment: banana has now overtaken mango, achieving a GVO of ₹47 thousand crore in FY24 compared to mango’s ₹46.1 thousand crore.

Among vegetables, potato continues to lead, with GVO rising to ₹37.2 thousand crore, up from ₹21.3 thousand crore in FY12.

Livestock has seen impressive expansion, with its GVO almost doubling from ₹488 thousand crore in FY12 to ₹919 thousand crore in FY24.

Milk retains dominance at 66 per cent, though its share has marginally declined as meat now represents 24 per cent of livestock output.

Floriculture, often overlooked, has experienced rapid growth — its GVO has nearly doubled to ₹28.1 thousand crore, reflecting diversification and growing market demand.

The findings underscore how India’s agricultural sector is evolving — not just as a provider of food security but also as a major engine for rural employment, economic diversification, and sustained growth.

The upward trajectory of both crop and allied segments points to a promising future for the country’s farm economy.

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