Industry vs. GDP
Agriculture Sector in India employs nearly two-third of the employed class in India. It employs 58 per cent of the rural households which depends upon agriculture as their primary means of livelihood. Agriculture is one of the largest contributors to the Gross Domestic Product (GDP).
India is the largest producer, consumer and exporter of spices and spice products in the world. India's fruit production is growing faster than vegetables which makes India the second largest fruit producer in the world.
Wheat production in India is expected to touch an all-time high of 96.6 MT during 2016-17.
Groundnut expected 70 per cent increase in the crop size due to good monsoons.
India's GDP is expected to grow at 7.1 per cent in FY 2016-17, led by growth in private consumption, while agriculture GDP is expected to grow above-trend at 4.1 per cent to Rs 1.11 trillion (US$ 1,640 billion).$ As per the 2nd Advance Estimates, India's food grain production is expected to be 271.98 MT in 2016-17.
- Crystal Group
- Excel Crop Care Ltd
- PI Industries Ltd (PI)
- Nuziveedu Seeds
- National Agro Industries
- Poabs Organic Estates
- Mother Dairy
- CCL Products India Ltd
- Nestlé Company
India’s standing in the World:
According to the World Fact book of the CIA in 2014, the global agricultural output was $ 4,771 billion. But a full 42 percent of this output comes from just six countries – China ($ 1,005 billion) is the largest producer, followed by India ($ 367 billion).
India ranks second in the world in the agricultural sector.
India’s cropping intensity is the highest in the world. The country’s small-sized, family farms practice a unique kind of mixed agri-horti-livestock farming, which is a cost-effective model ideal for other developing nations with small farms.
As per the WTO, India ranks 6th in agricultural exports.