Agriculture Sector Contribution to GDP in India (1990-2022)

Agriculture Sector Contribution to GDP in India (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in India (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: India
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
India's agriculture sector has seen a gradual decline in GDP contribution from 27.6% in 1990 to 16.7% by 2022, reflecting the country’s shift toward services and manufacturing. Liberalization policies in the 1990s fueled growth in industries and services, reducing agriculture's relative importance. However, agriculture’s share saw a temporary increase in 2020 to 18.6%, likely driven by higher demand for domestic food production during the pandemic.

Despite this reduction in share, agriculture remains a crucial sector, providing livelihoods to a large rural population. Recent policies focusing on agricultural reforms and rural development may help stabilize its contribution, highlighting its importance for food security and rural employment.

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