Agricultural Growth: Farmers double this? Agricultural growth is constantly slipping
Recent statistics of the Ministry of Agriculture have come up with how badly they are crawling in agriculture. According to this number, the entire economy is expected to increase 7.2 percent in 2023-24, but agriculture and its allied sectors are expected to increase only 1.4 percent. Over the past few years, it has been considered a major decline in agriculture. In the year 2022-23, the rate fell 4.7 percent in 2021-22, 4.6 percent in 2021-22 and the same rate in 2022-23. It should also be noted that this decline has come when looking at the country’s entire economic growth rate boom. If the growth of agriculture and its subsidiary sectors is very low, the drum is not possible in the near future by the government.
Water -related government statistics
From these statistics, it was clear that in 2023-24, the entire economy of the country had a growth of 7.2% but 1.4% in the agriculture sector. In the year 2022-23, the economy in the agriculture sector increased by 6.7% and 4.7%. In 2021-22, the growth of the economy was 9.4 percent and the agriculture sector was 4.6 percent and the total economy of 2020-21 was -4.1% (Corona period) and 4 percent in agriculture.
Not only in 2019-20, the agriculture sector (6.2%) showed the entire economy (3.9%) of the country. Figures have been witnessing that agriculture has been balanced over the past five years, and in 2023-24, agriculture has fallen to 1.4%from the torso. In the Economic Survey 2024-25, the Indian agriculture sector increased by an average of 5 per cent from FY 17 to FY23, the Finance Ministry said.
Agricultural growth and share slid
When we saw the data released by the Ministry of Statistics and Program Implementation in 2023, GVA in agriculture and allied sectors in the entire economy of the country was found to be 20.3 percent in 2020-21. In 2021-22, it fell to 19.0 per cent and then in 2022-23, the GVA of agriculture fell to 18.3 per cent. Not only the GVA of agriculture and allied sectors in the entire economy of the country, but its growth is also declining.
These government figures are expressing themselves that the cooperation of agriculture in the country’s GDP is constantly falling. Now, there is a dream to double the income of farmers in the fast -paced agricultural sector. Last year, in December 2024, the report of the National Bank for Agricultural and Rural Development (NABARD) revealed the income of farmer families. In 2021-22, the average monthly earnings from all resources for the farmer’s family were only 13,661, according to the NABARD report.
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Farmer’s income is Rs 150 per day
According to the NABARD report, the farmer costs Rs 11,710 in 13,661. That is, only a month is Rs. There is a 1951 savings and if you withdraw the average a day, it will only be Rs.65. In this, however, the share of agriculture in the total income of agriculture is only 4476. That is, only 33 percent of family income is cultivated. It was clear that the family could not earn Rs 150 every day from family farming. NABARD’s same report shows that 55.4 percent of agricultural families in the country owe. Each farm family has an average loan of Rs.
Income does not seem to be doubled!
In the 2021-22 financial survey, the agricultural growth rate is expected to be 3.9 percent. Initially, in the year 2018, NITI Aayog said in a report ‘Strategy for New India@75’, which took 22 years to double the income of the country due to annual agricultural growth 3.31 per cent. Accordingly, from 2015-16 to 2022-23, an annual growth rate of 10.4 % is required to double the income of farmers. But in the Economic Survey 2024-25, the Ministry of Finance said the an average of 5 per cent in India’s agriculture sector was on the rise. That is, the annual growth rate required to double the income of the farmers is, of course, not even half of this growth rate.
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