PPT: Economic Survey- 3 Notes | EduRev

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 Page 1


Economic Survey  
2019-20
Volume 2 Chapter 7 
“Agriculture and Food Management”
Page 2


Economic Survey  
2019-20
Volume 2 Chapter 7 
“Agriculture and Food Management”
Introduction
Economic transformation of a country like India 
crucially depends on the performance of its 
Agriculture and Allied sectors. 
This sector happens to be the largest source of 
livelihood in India. Our goal of food security also 
depends on the performance of this sector. 
As high as 70% of rural households depend on 
agriculture for their livelihood, with 82% of the 
farmers being in the small and marginal category. 
The objective of inclusiveness in development has to be 
realised through a focus on rural development where 
agriculture can deliver significantly.
Page 3


Economic Survey  
2019-20
Volume 2 Chapter 7 
“Agriculture and Food Management”
Introduction
Economic transformation of a country like India 
crucially depends on the performance of its 
Agriculture and Allied sectors. 
This sector happens to be the largest source of 
livelihood in India. Our goal of food security also 
depends on the performance of this sector. 
As high as 70% of rural households depend on 
agriculture for their livelihood, with 82% of the 
farmers being in the small and marginal category. 
The objective of inclusiveness in development has to be 
realised through a focus on rural development where 
agriculture can deliver significantly.
Overview of Agriculture
Share in Gross Value Added(GVA) 
The share of Agriculture and Allied activities in GVA of the country has 
declined from 18.2%(2018-19) to 16.5%(2019-20). 
This is due to relatively higher growth performance in non-agricultural sectors. 
This is a natural outcome of the development process that leads to faster 
growth in non-agri sectors owing to the structural changes in the economy. 
Growth in Agriculture & Allied Activities 
The growth of GVA of this sector has shown a fluctuating trend 
Real GVA growth rate of Agriculture, Forestry & Fishing Sector is estimated to 
grow at 2.8% in 2019-20 as compared to 2.9% in 2018-19. 
Gross Capital Formation(GCF) in Agriculture & Allied sectors 
The GCF to GVA ratio in this sector has been showing a fluctuating trend. 
From 16.5% in 2012-13 to 15.2% in 2017-18.
Page 4


Economic Survey  
2019-20
Volume 2 Chapter 7 
“Agriculture and Food Management”
Introduction
Economic transformation of a country like India 
crucially depends on the performance of its 
Agriculture and Allied sectors. 
This sector happens to be the largest source of 
livelihood in India. Our goal of food security also 
depends on the performance of this sector. 
As high as 70% of rural households depend on 
agriculture for their livelihood, with 82% of the 
farmers being in the small and marginal category. 
The objective of inclusiveness in development has to be 
realised through a focus on rural development where 
agriculture can deliver significantly.
Overview of Agriculture
Share in Gross Value Added(GVA) 
The share of Agriculture and Allied activities in GVA of the country has 
declined from 18.2%(2018-19) to 16.5%(2019-20). 
This is due to relatively higher growth performance in non-agricultural sectors. 
This is a natural outcome of the development process that leads to faster 
growth in non-agri sectors owing to the structural changes in the economy. 
Growth in Agriculture & Allied Activities 
The growth of GVA of this sector has shown a fluctuating trend 
Real GVA growth rate of Agriculture, Forestry & Fishing Sector is estimated to 
grow at 2.8% in 2019-20 as compared to 2.9% in 2018-19. 
Gross Capital Formation(GCF) in Agriculture & Allied sectors 
The GCF to GVA ratio in this sector has been showing a fluctuating trend. 
From 16.5% in 2012-13 to 15.2% in 2017-18.
Page 5


Economic Survey  
2019-20
Volume 2 Chapter 7 
“Agriculture and Food Management”
Introduction
Economic transformation of a country like India 
crucially depends on the performance of its 
Agriculture and Allied sectors. 
This sector happens to be the largest source of 
livelihood in India. Our goal of food security also 
depends on the performance of this sector. 
As high as 70% of rural households depend on 
agriculture for their livelihood, with 82% of the 
farmers being in the small and marginal category. 
The objective of inclusiveness in development has to be 
realised through a focus on rural development where 
agriculture can deliver significantly.
Overview of Agriculture
Share in Gross Value Added(GVA) 
The share of Agriculture and Allied activities in GVA of the country has 
declined from 18.2%(2018-19) to 16.5%(2019-20). 
This is due to relatively higher growth performance in non-agricultural sectors. 
This is a natural outcome of the development process that leads to faster 
growth in non-agri sectors owing to the structural changes in the economy. 
Growth in Agriculture & Allied Activities 
The growth of GVA of this sector has shown a fluctuating trend 
Real GVA growth rate of Agriculture, Forestry & Fishing Sector is estimated to 
grow at 2.8% in 2019-20 as compared to 2.9% in 2018-19. 
Gross Capital Formation(GCF) in Agriculture & Allied sectors 
The GCF to GVA ratio in this sector has been showing a fluctuating trend. 
From 16.5% in 2012-13 to 15.2% in 2017-18.
Minimum Support Price
To encourage higher investment and production, the 
government announces MSP for 22 mandated crops and a 
Fair and Remunerative price for Sugarcane. 
Union Budget 2018-19, announced a predetermined 
principle to keep MSP at 1.5 times the cost of production. 
To implement this principle, the government had increased 
MSPs for all mandated Kharif, Rabi and Commercial crops 
with a return of 1.5 times over all India weighted average 
cost of production. 
Further, the government has also introduced various direct 
income/investment support schemes like : PM-KISAN, KALIA 
scheme of Odisha, RYTHU BANDHU of Telangana etc.
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